Benefits of patents
The protection provided by the Australian patent system is a major contributor to the success of new inventions and the millions of dollars in earnings that they generate.
Some of the benefits are:
- It gives you the right to stop others from manufacturing, using and/or selling your invention in Australia without your permission.
- It lets you license someone else to manufacture your invention on agreed terms or take legal action against people who are using your invention without your permission.
- It encourages Australians to continue their research, to develop new and innovative products, exploit new technology and promotes the transfer of technology to Australia.
- It gives our trading partners the incentive to provide similar rights and thereby protect our exports in markets overseas.
If you want to protect the way your invention works then patenting may be the most appropriate option.
If your invention is new, not publicly disclosed and has commercial potential, then you are ready to consider what type of patent will suit your needs.
Last Updated: 27/3/2014