At the heart of any invention is an inventor or a group of inventors. In the midst and excitement of a new invention, the last thing people tend to think about is ‘inventorship’.
IP insurance provides many benefits including providing an ability to afford to enforce and defend claims of IP infringement.
An innovation patent is Australia’s second-tier patent where an inventive step of a standard patent is replaced with an “innovative step”. Innovation patents still require the invention to be novel, but the innovative step represents a lower threshold than your traditional patent.