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Q: What is intellectual property?
A:
Intellectual property represents the property of your
mind or intellect. It can be an invention, trade mark,
original design or the practical application of a good idea.
In business terms, this means your proprietary knowledge - a
key component of success in business today. It is often the
edge which sets successful companies apart and as world
markets become increasingly competitive, protecting your
intellectual property becomes essential.*
Q: What is a patent?
A:
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 to obtain exclusive rights to exploit your
invention.
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Q: What is an innovation patent?
A:
The
innovation patent is a protection option specifically
designed to protect inventions that do not meet the
inventive threshold required for standard patents.
Introduced in 2001 to stimulate innovation among small to
medium business and local industry, the innovation patent is
a relatively fast way to obtain protection for your new
device, substance, method or process.
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Q: What is a trade mark?
A: A
trade mark can be a word, phrase, letter, number, sound,
smell, shape, logo, picture, aspect of packaging or a
combination of these.
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Q: What does ‘design registration’ mean?
A:
Design
registration is used to protect the visual
appearance of manufactured products.
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Q: How do I protect my invention?
A: Contact the government body in your country to determine
the process for protecting your idea.
Click
here for links.
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Source: Many of these responses were sourced from the
IP Australia website. Check with your local body for
accurate information specific to your region.
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