What is Intellectual Property?Intellectual Property (IP) is any original product of your mind or intellect and is commonly developed through research or creative efforts. Intellectual property rights are the rights given to the creators of IP to help prevent others from using their original ideas. In practical terms IP rights can be in the form of a: The following items relating to IP protection may also be of interest: It is important to note that filing for patents, trade marks, designs or plant breeder's rights in Australia only provides protection in Australia and not international protection. International protection can be sought but certain timeframes apply. In terms of trade, an IP right forms the proprietary knowledge that is a vital component of business success and its business importance means that it is a highly valuable commodity that can be bought and sold just like any other business asset. As shown above, there are many ways that IP can be protected and you should contact your Manager of Innovation and Commercialisation for advice on the most appropriate method to protect your IP. An Intellectual Property Notification Form is the first step in the process for the University to evaluate and protect your IP and also determine the commercial value of it.
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