Progressive Legal is a Sydney based IP law firm that specialises in protecting your IP.
It’s vital for you to protect your business’ Intellectual Property (IP) to ensure long term financial success and brand building, which often a lot of business owners forget. It’s only when the IP of a business has been stolen or under attack, is it really clear how important that is. There’s so much IP being generated in businesses nowadays, in some instances, it is the most important asset of that business.
Intellectual property (IP) is fast becoming extremely valuable, even for small business. Intellectual Property is one of the most talked about topics in business today, yet one of the least understood.
Intellectual Property consists of products of the human mind and creativity that are protected by law. IP is often the single most important asset of an enterprise. This is why you need to know about it. Like tangible property, IP can be bought, sold, rented. It does have economic value, often great economic value.
IP rights are like any other property right. They allow creators, or owners, of patents, trademarks or copyrighted works to benefit from their own work or investment in a creation.
The IP system helps strike a balance between the interests of innovators and the public interest, providing an environment in which creativity and invention can flourish, for the benefit of all.
In Australia, Intellectual Property is divided into 5 categories: Patents, Trade marks, Copyright, Plantbreeders Rights, Registered Designs.
An IP Lawyer is a Lawyer specialised in the Intellectual Property area of Law. An IP Lawyer can assist you and your business with protecting, managing and commercialising your IP assets. Intellectual Property includes Trade Marks, Designs, Patents, Trade Secrets and Copyright.
An IP Law firm can help you with protecting, managing and commercialising your IP assets.
We can register trade marks on your behalf, making sure you own the IP that third parties created for you, draft copyright notices and intellectual property clauses in your legal documents. We can help you manage any disputes in relation to infringement of IP. Confidentiality documents, specific provisions in employment agreements or independent contractors agreements, non-disclosure agreements etc.
A patent attorney hasn’t necessarily graduated with a Law Degree and doesn’t have the right to practise as a Lawyer or Barrister.
They are registered with the Trans Tasman IP Attorneys Board and limited to only advising in relation to patent law matters.
Only a qualified lawyer would be able to act should a dispute arise in relation to a patent or Court proceedings.
Intellectual property refers to intangible assets issued from creations of the mind, such as inventions, literary and artistic works, designs and symbols, names and images used in branding or commerce.
Trade marks of a business e.g. name, logo, tag-lines, hashtags, favicons, any other “badges of origin” of the business. Copyright in literary works, designs, logos and other branding assets, anything that is created on or behalf of the business that is valuable and created for these specific purposes.
Intellectual Property is initially owned by the creator. IP will remain property of the creator until rights are assigned over to another person or legal entity, such as a company or a trust.
It’s really important to make sure you as a business owner are the owner of the IP so you have full control over its use.
Employees generally will create IP that is owned by the business, however third-party contractors are not employees and just because you pay for the work to be created, doesn’t mean you have ownership to it, unless it has been specifically assigned over to the business.
It’s a common misconception.
The 5 common types of intellectual property for a business are Trade Marks, Designs, Patents, Trade Secrets and Copyright.
We can help you with the following:
It’s vital for small businesses to protect their IP for long term financial success and brand building, and to be more competitive than industry rivals.
Sometimes the major threat to a business might not be external. A threat could come from potential partners of your business, directors, employees, or contractors of your business.
Do you realise how many different pieces of Intellectual Property (IP) your business has and what must be protected? There are more than you think…