A patent is a right granted for any device, substance, method or process, which is new, inventive and useful. A patent is legally enforceable and gives the owner the exclusive right to commercially exploit the invention for the life of the patent.

This is not automatic. You must apply for a patent. All applications for patents are examined to ensure they meet the necessary legal requirements for granting a patent.

Patents give effective protection if you have invented new technology that will lead to a product, composition or process with significant long-term commercial gain.

You cannot patent artistic creations, mathematical models, plans, schemes or other purely mental processes.

Examples of patents granted in Australia include:

• Cochlear's bionic ear;
• dynamic lifter;
• hills hoist;
• orbital engine; and
• Victa lawn mower.

Patents are administered by IP Australia for more information go to their website

What's next...

• Do your market research before commercialising your product.
• Hiring a patent or trade mark lawyer