Reading time: 3 minutes

Reviewing your business’ intellectual property (IP) practices and procedures is a good way to ensure you remain compliant with any laws and regulations. We set out what you should consider when auditing your IP.

What Should I Consider?

Have a think about your current policies.

  • Have you registered your trade marks, patents, designs and copyright with the appropriate organisations?
  • Are your employees familiar with your IP registrations?
  • Have your employees undertaken training to ensure they don’t infringe another party’s IP?
  • Do you regularly check the status of your registrations?
  • Have you marked when you need to renew or apply for any new marks or protections?

Reviewing your IP ensures you have a complete understanding of all of your business’ IP at all times. You might discover that some of the things you thought were part of your IP belong, in fact, to outside contractors. You then need to make yourself aware of the conditions of being able to use their IP as part of your business marketing or production. You will also be able to have a clear record of all of your IP including:

  • when it was created,
  • who owns it, and
  • how it can be used.

If an outside party has infringed your IP, you will need to show what the IP infringement is, how it has been infringed and what you can do to stop them continuing immediately.

How Do I Do It?

Creating a practice of reviewing your IP can include interviewing your employees to understand how much they know about your current practices and finding out if they have any insight into using IP more efficiently. They might also have some new ideas that they think should be registered. Other options including conducting surveys or questionnaires to have a clear record about how your employees use of your IP.

Review the contracts you have with third parties who have provided you with services, as this helps to determine what, if any, IP rights you have in their work. It will also help you to know what actions you can take in regards to that work, as well as how you can protect yourself if any issues arise. The type of contracts to go over include employee contracts, contractors, joint ventures and any research agreements.

Once you understand the extent of your business’ IP, the next step in a successful IP review is to ensure it is registered, and up to date. You should undertake searches of relevant databases including commercial and public patent, trade mark, and design databases. One example is the IP Australia database. Investigating whether there are any court actions involving IP breaches is another sensible step. Reading through industry journals is a good way to stay informed of any new IP developments in your business’ area, as well as any new laws and regulations that might apply to you.


If you have any questions about checking IP databases and understanding current IP laws, then contact LegalVision today. We would be pleased to step you through possible solutions to any issues you may have. Our specialist IP lawyers would be delighted to assist you in implementing a comprehensive IP review and keep your business on the pulse with any IP issues.


Redundancies and Restructuring: Understanding Your Employer Obligations

Thursday 7 July | 11:00 - 11:45am

If you plan on making a role redundant, it is crucial that you understand your employer obligations. Our free webinar will explain.
Register Now

How to Sponsor Foreign Workers For Your Tech Business

Wednesday 13 July | 11:00 - 11:45am

Need web3 talent for your tech business? Consider sponsoring workers from overseas. Join our free webinar to learn more.
Register Now

Advertising 101: Social Media, Influencers and the Law

Thursday 21 July | 11:00 - 11:45am

Learn how to promote your business on social media without breaking the law. Register for our free webinar today.
Register Now

Structuring for Certainty in Uncertain Times

Tuesday 26 July | 12:00 - 12:45pm

Learn how to structure to weather storm and ensure you can take advantage of the “green shoots” opportunities arising on the other side of a recession.
Register Now

Playing for the Prize: How to Run Trade Promotions

Thursday 28 July | 11:00 - 11:45am

Running a promotion with a prize? Your business has specific trade promotion obligations. Join our free webinar to learn more.
Register Now

Web3 Essentials: Understanding SAFT Agreements

Tuesday 2 August | 11:00 - 11:45am

Learn how SAFT Agreements can help your Web3 business when raising capital. Register today for our free webinar.
Register Now

Understanding Your Annual Franchise Update Obligations

Wednesday 3 August | 11:00 - 11:45am

Franchisors must meet annual reporting obligations each October. Understand your legal requirements by registering for our free webinar today.
Register Now

Legal Essentials for Product Manufacturers

Thursday 11 August | 11:00 - 11:45am

As a product manufacturer, do you know your legal obligations if there is a product recall? Join our free webinar to learn more.
Register Now

About LegalVision: LegalVision is a commercial law firm that provides businesses with affordable and ongoing legal assistance through our industry-first membership.

By becoming a member, you'll have an experienced legal team ready to answer your questions, draft and review your contracts, and resolve your disputes. All the legal assistance your business needs, for a low monthly fee.

Learn more about our membership

Need Legal Help? Submit an Enquiry

If you would like to get in touch with our team and learn more about how our membership can help your business, fill out the form below.

Our Awards

  • 2020 Innovation Award 2020 Excellence in Technology & Innovation Finalist – Australasian Law Awards
  • 2020 Employer of Choice Award 2020 Employer of Choice Winner – Australasian Lawyer
  • 2020 Financial Times Award 2021 Fastest Growing Law Firm - Financial Times APAC 500
  • 2020 AFR Fast 100 List - Australian Financial Review
  • 2021 Law Firm of the Year Award 2021 Law Firm of the Year - Australasian Law Awards
  • 2022 Law Firm of the Year Winner 2022 Law Firm of the Year - Australasian Law Awards