The small business specialists
Phone: 13 12 49
Intellectual property (IP) represents the property or creations of your mind or intellect. If you develop a new product, service, process or idea it belongs to you and is considered your IP. You must formally register your IP to ensure legal ownership.
Include IP considerations when developing your business plan.
A trade mark and a business name are two different things. Registering a business name doesn’t give you exclusive rights over that name.
It is up to you to manage and renew your IP registration.
You may not be able to get a patent if you have discussed, demonstrated or sold your creation. If you need to discuss your idea with other people make sure they sign a confidentiality agreement.
IP protection is available to anyone, regardless of business size.
There are seven types of IP protection including plant breeder’s rights, circuit layout rights and confidentiality/ trade secrets. Most businesses use these four - patents, trade marks, designs and copyright.
Specific information for each protection is available through IP Australia.
A patent is a right granted for any device, substance, method or process which is:
A patent gives the owner the exclusive right to the invention for a period of time and can be legally enforced.
A trade mark is used to distinguish the goods and services of one business from those of another.
A trade mark can be a letter, number, word, phrase, sound, smell, shape, logo, picture and/or an aspect of packaging
It is not compulsory to register a trade mark, however it is important to consider if you want to retain exclusive rights to its use.
A design refers to the features of shape, configuration, pattern or ornamentation which give a product a unique appearance and must be new and distinctive in order to be registered.
A registered design allows the owner to use it for commercial purposes, to licence or sell it.
Registered designs tend to relate to form whilst patents relate to function.
Copyright is a free and automatic legal right given to the authors or creators of original works. You can copyright works but not ideas.
Copyright is commonly applied to:
Computer programs and databases may also be copyright protected.