Over the past few decades, the world has seen dizzying advancements in technology. By way of example, Australia only connected to the Internet in 1989 – now it’s impossible to imagine life without it. But perhaps the most exciting development in recent years is the rapid and accelerating commercialisation of space.
A patent provides a limited monopoly right to exclude others from performing your invention. In return for this right, the invention described in the patent is made publicly available.
Intangible assets cover a wide variety of assets, from know-how, trade secrets, confidential information, intellectual capital, data, patents…
As with any industry sector, intellectual property (IP) issues have the potential to impact significantly on all stakeholders operating in the defence space.
Over the past few decades, the world has seen dizzying advancements in technology. By way of example, Australia only connected to the Internet in 1989…
In a perfect world, an inventor would have the time and the money to ensure that an invention is sufficiently developed and refined with a marketing strategy and future revenue streams in place before a provisional patent application is filed and the invention disclosed to the public.
Patent attorneys typically receive information about an invention after the invention has been made. This information is then used to prepare a patent specification in conjunction with further dialogue between the patent attorney and the client to ensure the invention is fully understood and described.
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’.
Following legislation changes, on Thursday 27 February 2020, IP Australia announced that it will no longer accept new innovation patent applications from 26 August 2021. The death of the innovation has been a protracted affair, so this decision by IP Australia was not unexpected.
Patents are filed for a number of reasons, whether it be offensive or defensive. But, at some point, there should have been a commercial decision to file a patent to protect an invention that has resulted from research and development (R&D).