Which of the following best describes a “utility model”?

A utility model is indeed a form of intellectual property protection that is considered to have a shorter duration than a utility patent. Typically, utility models provide a way to protect the functional aspects of inventions that might not meet the rigorous standards required for patentability under the utility patent system.

In many jurisdictions, utility models can be granted for inventions that demonstrate novelty and industrial applicability but may not require the same level of inventive step as utility patents. This makes utility models an attractive option for inventors looking to safeguard their innovations without the expense of a full patent process, especially for incremental improvements or minor innovations.

The duration of protection for a utility model often ranges from 7 to 10 years, which is indeed shorter compared to the typical 20 years granted for utility patents. This shorter term can encourage innovation and allow for quicker commercialization of products, particularly in industries where technology evolves rapidly.

The other options discuss forms of legal protection or specifics that do not accurately characterize utility models, thus reinforcing the correctness of selecting the option that highlights the shorter term of protection associated with utility models in comparison to utility patents.