Case Study : Australian Patent Procedure

1414 Words Mar 23rd, 2015 6 Pages
Australian Patent Procedure

Patenting a product will take a lot of time, effort and resources but by patenting your invention, it will give you long-term protection and control over your invention and would be able to gain beneficial economic value in return as well as monopolize your invention on the selected market. Standard patent will protect your invention up to 20 years from the date you complete your application.
Provisional
Before you can commercialize your product there will be certain procedures that you have to follow, in general patent will be granted only when you have completed your application and gone through examination, acceptance of the invention. But before that, you will be given priority date once you have completed provisional application, which shows your intention to complete your innovation application. Australian Provisional Application regulated in Patent Act 1990 Section 29; 40(1). When you apply for standard patent, you will be given 12 months of provisional application in order to keep the priority date, and within that grace period of 12 months you also be able to apply for overseas basic application parallel with your current provisional application.
There are several things that you have to be aware of before lodging your patent application, in which stated on Patent Act 1990 Section 18:
• Your invention has to be novel or in the other word has to be new and involve inventive steps and useful.
• Your invention never been disclosed or shown…
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