Utility models are often referred to as “second-class patents” or “petty patents”. Although a utility model is similar to a patent, it is generally cheaper to obtain and maintain, has a shorter term than a patent, shorter grant lag, and less stringent patentability requirements. Utility model protection is not offered in many countries such as the US, UK and India. In some countries, it is only available for inventions in certain fields of technology and/or only for products. If a particular country provides utility model protection, compliance with the Paris Convention for the Protection of Industrial Property is pertinent. The most accepted requisite for utility model protection is novelty.
Need for Utility model Listing
Zwapall is a Private Global Market Network which helps you to unlock the value of your Intellectual Property.
Object of granting utility patent is to encourage and develop new technology and industry. Granted or issued patents need to be listed for the following reasons:
• A utility patent holder who could not utilize the patent on their own or commercially exploit it can monetize the same by either assigning (selling) it or licensing the same for a royalty fee.
• Patented inventions need to be utilized or commercially exploited. It could be revoked at the instance of a third party for non-working for a certain period of time or where the working has not resulted in the satisfaction of the reasonable requirements of the public in respect of the patented invention at a reasonable price. So an inventor(s) may collaborate with interested parties.
• Some may be interested in a defensive utility model acquisition to avoid future problems from inventors or patent holders of similar utility models.
• If a patentee is not willing to defend their utility model through the time consuming and expensive process of litigation, especially when they are of the opinion that patent is not worth as to invest money on litigation or is not that successful, they can bargain with a competitor and obtain royalties for the infringing activities or operations of the competitor. More often than not, the infringing party is willing to enter into license agreements with the patentee and pay royalties than getting entangled in litigation procedures
Ideally only granted utility models should be monetised or commercialised.
Zwapall Utility Model Facilitation Service
A Buyer who do not wish to disclose their identity until the point of purchase due to several reasons or Seller and Patent holder or owner who do not wish to negotiate with buyer directly due to several reasons including lack of experience in monetising his/her patent can use the services of Zwapall team. Zwapall monetizes utility models for you and charges only contingency fees. Zwapall team also provides match making service if Buyers and Sellers are too busy to frequently check the listing/posts on the site.
Patent Services through trusted Zwapall Business Associates
Zwapall arranges third party support or our in house IP department team for Preparing Licensing and Assignment agreements, Utility model search and advice, Freedom To Operate Search in foreign markets, Utility model watch dog services, Intellectual property (IP) Portfolio management services, Utility model Valuation services etc.