A utility model is, similar to a patent, a right to exclude. The holder of a utility model has the right to exclude others from commercial utilisation of the invention in accordance with his or her utility model. Forms of commercial utilisation include such acts as making, selling, using, and importing of a product protected by a utility model (for further information, see Act on Utility Model Rights, section 3).
The right to exclude covers a restricted territory; it is in force in the countries where a utility model has been applied for and granted. The Finnish Patent and Registration Office (PRH) grants utility models in Finland. The right to exclude is in force for a limited period of time, generally no longer than for 10 years from the filing date of the application (for further information, see under How to Renew a Registration).
A utility model right may be sold or licensed. In compensation the licensee pays the utility model holder, for instance, a specified percentage of the income produced by the invention (royalty).
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