What is Utility Model? Discuss the benefits of the rights acquired under the Utility Model Protection.

Utility models, also known as "petty patents" or "innovation patents" in some jurisdictions, are a form of intellectual property protection for inventions that offer practical utility or usefulness. They are similar to patents but typically have shorter terms and are generally easier and quicker to obtain. Utility models protect the functional aspects of an invention, rather than its aesthetic or ornamental features, making them particularly relevant in fields such as industrial design and layout designs of integrated circuits.

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