CHECKING OWNERSHIP

Clearly it’s vital to check the ownership of the IP you are buying. For example, when buying a business and its associated trade mark, it is wise to search IP Australia’s trade mark register to see who owns the trade mark. But that’s not all—as a third party could have an interest in the asset or there could be a loan held over the trade mark. It is recommended that you seek expert advice—a lawyer, or a patent or trade mark attorney can help you.