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Utility Models

  • September 2014
  • 35 pages
  • Frost & Sullivan
Report ID: 2385669

Summary

Table of Contents

An important tool for small scale innovators

A utility model is an exclusive right granted for an innovation, which allows the right holder to prevent others from commercially using the protected invention, without his authorization, for a given period of time. This market insight studies the different nuances of a utility model system: the legal framework, its economic significance, quantitative and qualitative evidence, and the analysis of the impact of legal changes in the utility model system.

Research scope
-A utility model is an exclusive right granted for an innovation, which allows the right holder to prevent others from commercially using the protected invention, without his authorization, for a given period of time.
-Utility models provide protection to soft and incremental innovations.
-Such innovations do not have the requisites to meet the standards of patentability criteria.
-This form of industrial property right serves as a useful tool in the hands of small scale innovators in order to protect their rights. But due to the lack of substantive examination, as in the case of patents, low quality innovations may get protected, in turn imposing a degrading impact on the economy of a country.
-This market insight studies the different nuances of a utility model system: the legal framework, its economic significance, quantitative and qualitative evidence, and the analysis of the impact of legal changes in the utility model system.
-This research focuses on a global study.
-The European Union (EU) has been studied for legal framework.

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