What is Patent?

An invention patent is a government-issued grant, bestowing an exclusive right to an inventor over a product or process that provides any technical solution to a problem in any field of human activity which is new, inventive, and industrially applicable.

A patent is an exclusive right that allows the inventor to exclude others from making, using, or selling the product of his invention during the life of the patent. Patent owners may also give permission to, or license, other parties to use their inventions on mutually agreed terms. Owners may also sell their invention rights to someone else, who then becomes the new owner of the patent.

The term of a patent shall be twenty (20) years from the filing date of the application. The patent must be maintained yearly, starting from the 5th year.
(Source: IPOPHL)

Steps in Patent Application

What is Utility Model?

A registrable utility model is any technical solution to a problem in any field of human activity which is new and industrially applicable. It may or may not have an inventive step.
A Utility Model (UM) allows the right holder to prevent others from commercially using the registered UM without his authorization, provided that the UM is new based on the Registrability Report. Compared with invention patents, it is relatively inexpensive, faster to obtain, and with less stringent patentability requirements.
A utility model is entitled to seven (7) years of protection from the date of filing, with no possibility of renewal.
(Source: IPOPHL)

Steps in Utility Model Application

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Registered Utility Model of BASC