A patent is a form of intellectual property protection granted to creations and inventions that are new, useful, and inventive or innovative. It grants you a monopoly over that creation or invention whether it be a new device, substance, method or process. This monopoly means that only you can use the invention. If other businesses or individuals wish to use your invention, they will require a licence or permission from you as the patent holder.

There are two main types of patents in Australia — a standard patent (lasts up to 20 years) and an innovation patent (last up to 8 years). A standard patent is suited where you create something new while the innovation patent is appropriate where you improve upon an existing creation. Despite their differences, they both enjoy the same advantages: the right to stop competitors, the ability to monetise off licencing and the incentive to continue research and development.

It is important that you do not disclose your creation or invention to the public before you file your application. Disclosure will mean that your patent is not ‘new’ and your application may fail. LegalVision’s patent lawyers can advise you on the correct steps or prepare confidentiality agreements where needed.

Make an Enquiry

  • We will be in touch shortly with a quote. By submitting this form, you agree to receive emails from LegalVision and can unsubscribe at any time. See our full Privacy Policy.
  • This field is for validation purposes and should be left unchanged.

 

5 Things You Need to Know About Patents

  • 1Patenting an invention is not easy. Many business people who consider patenting do not end up proceeding with the process. This is mainly because their invention is not unique enough to satisfy the rigorous patenting regulations, but also because patenting can be expensive.
  • 2There are two main types of patents — innovation patents and standard patents. An innovation patent is designed to be a quick, easy and cheap way to protect the intellectual property of an invention that only represents a small development in the underlying technology. An innovation patent will protect your invention for eight years. You can also apply for an international patent.
  • 3Applying for a standard patent is a more expensive, drawn-out way of protecting your invention. It does, however, offer longer term protection of 20 years. Your patent attorney will advise you on which type of patent (if any) is most suitable for your business.
  • 4You may also choose to register an international (PCT) patent. PCT stands for Patent Cooperation Treaty and is a system that 148 countries adhere to. The process of applying for, and being granted, a PCT patent is complex. A patent attorney will be able to guide you through the process.
  • 5Patenting is a complex area of Intellectual Property law. It’s hard to manage a patent application without the assistance of a patent attorney. Patent attorneys have distinct and sought after skills, but it is still possible to get a fixed-fee and competitive price in the market.

Get in Touch

Fill out the form below and a LegalVision team member will be in touch shortly!

  • We will be in touch shortly with a quote. By submitting this form, you agree to receive emails from LegalVision and can unsubscribe at any time. See our full Privacy Policy.
  • This field is for validation purposes and should be left unchanged.

Our Awards

  •  Top 20 Startups in Australia - 2018 LinkedIn Startups List Top 20 Startups in Australia - 2018 LinkedIn Startups List
  • NewLaw Firm of the Year Finalist – 2018 Australian Law Awards NewLaw Firm of the Year Finalist – 2018 Australian Law Awards
  • Law Firm of the Year Finalist – 2018 Australasian Law Awards Law Firm of the Year Finalist – 2018 Australasian Law Awards
  • AFR Fast 100 List – 2018 Australian Financial Review AFR Fast 100 List – 2018 Australian Financial Review
  • NewLaw Firm of the Year – 2017 Australian Law Awards NewLaw Firm of the Year – 2017 Australian Law Awards
  • Customer Service Experience of the Year – 2017 Optus My Business Awards Customer Service Experience of the Year – 2017 Optus My Business Awards

Privacy Policy Snapshot

We collect and store information about you. Let us explain why we do this.

What information do you collect?

We collect a range of data about you, including your contact details, legal issues and data on how you use our website.

How do you collect information?

We collect information over the phone, by email and through our website.

What do you do with this information?

We store and use your information to deliver you better legal services. This mostly involves communicating with you, marketing to you and occasionally sharing your information with our partners.

How do I contact you?

You can always see what data you’ve stored with us.

Questions, comments or complaints? Reach out on 1300 544 755 or email us at info@legalvision.com.au

View Privacy Policy