Formally registered IP Rights
Intellectual property (IP) describes ideas and concepts that can be legally owned.
An effective strategy for businesses to protect their intellectual property (IP) is to formally register it with IP Australia. Though registering is more costly and time consuming than other strategies, without formal protection you will have to rely on common law to prove ownership.
When your business creates a unique idea, product, service, or design, you may need to apply for IP rights to protect it and stop it from being used by someone else.
Types of IP
The types of IP which can be registered include: