The intellectual property of your business is one of its most valuable assets. As such, it needs to be carefully and properly managed. The success or failure of your business may hinge on the management of its intellectual property, especially in relation to IP protection and commercialisation.

Why do I need to protect my intellectual property?

Without intellectual property protection, such as a patent or a registered design, a new invention is just an intangible idea of questionable value. A patent or a registered design provides a legal framework over which to assert a monopoly over your innovation or idea and prevents a third party from copying your idea and unfairly profiting from it.

What is a patent?

A patent protects the way a device works. A granted patent provides you with a twenty year monopoly on your idea, protecting it from imitation and allowing it to be sold or licensed. Patent applications are lodged with the patent office of the country in which protection is sought. The Australian patent office is called IP Australia.

What is a registered design?

A registered design protects the appearance of a product if the appearance is unique. Third parties can thus be prevented from copying the appearance of the product protected by the registered design.

How do I get the best results from my intellectual property?

Lodging an Australian provisional patent application with IP Australia is usually the first step in obtaining patent protection anywhere in the world. Preparing a patent application is a highly specialised process that combines both technical expertise with legal know-how.

Because intellectual property is such a valuable corporate asset and because the quality of the drafting if the patent application dramatically impacts on whether copiers are able to find ways around it, patent applications should always be professional prepared. Patent applications should be drafted without any undue limitations to provide the best chance of stopping a competitor copying the invention. The next step is to prepare a commercialisation strategy tailored to meet the needs of your business and maximise the profit you can extract from your product(s). The benefit of retaining professional services for the development of a commercialisation plan is that you can build on the market experience of a commercialisation expert, gaining valuable insights that help you save time and maximise the returns on your intellectual property investment.

This site is sponsored and administered by:

Baxter IP Patent Attorneys Sydney

Baxter IP is a leading Sydney patent & trade mark attorney firm specialising in obtaining international patent protection for its clients. Their clients include a number of well known multinational corporations, small businesses, venture capital firms, new business start-ups, entrepreneurs and not-for-profit organisations across a broad range of technologies.

The team at Baxter IP pride themselves on observing the highest standard in quality of work and advice to give their clients an unrivelled edge in their attempt to secure patent rights internationally and then capitalise on their IP investment.

For a firm that specialises in protecting intellectual property in important markets such as the United States, Europe & China, contact Baxter IP Patent Attorneys Sydney.

Important Disclaimer: The information on this website is not legal or professional advice. The information may:

  1. not be correct;
  2. only relate to the law or practice in a given country; and/or
  3. be outdated.

For more information, please contact the Site Administrator: Baxter IP.