By Phil Taylor.
US$23 million is a lot of money, and Schneider knows it more than most companies at the moment. The French business recently agreed to pay that amount to Chint Group to end a Chinese court battle over a utility model patent.
Beware the utilities
Utility model patents are simple, quick and cheap to file in China. They can also be used as a weapon against under-prepared foreign companies, for as long as 10 years.
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