In some countries, there is a system similar to the patent system, that provides protection to so called “minor inventions” is called as a “Utility Model”. In a local innovation system, recognizing minor improvements of existing products, which does not fulfill the patentability qualifications but may have an important role in the system . Utility models protects such inventions through granting an exclusive right, which allows the right holder to prevent others from commercially using the protected invention, without his authorization, for a limited period of time. Utility model systems require compliance with less stringent requirements in comparison to patents. They have simpler procedures & offer shorter term of protection . Detail article is available on https://upsconline.com/utility-models/
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Showing posts from March, 2021