Unlike patents, trade marks, and designs which are enforced under the provisions of their respective Acts, trade secrets are not subject to their own Act.
Over the past few decades, the world has seen dizzying advancements in technology, none more so than the rapid and accelerating commercialisation of space.
Intellectual Property (IP) insurance is a specialised type of insurance designed to protect businesses from the financial risks associated with intellectual property disputes and litigation.
Most, if not all, organisations unknowingly develop confidential information including trade secrets. Take, for example, a courier who learns that, at a particular time of day, it is best to take a certain route to avoid traffic.
For most inventors, the patenting process is a foreign concept that is confusing, complex, and divorced from the underlying development of the technology of an invention.
Since we first sent objects into space, rockets have been used for the transportation of space objects. These first rockets were complex, costly, single-use, and had high failure rates. At the time, these issues were overlooked by space agencies in the race to get into 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 – 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…
Did you know that intangible assets typically account for more than 80% of the value of most businesses?