Intellectual property

Intellectual property (IP) refers to creations of the mind or intellect that can be legally owned. It is a productive new idea that you create and wish to protect against duplication.

Ideas and unique creations can exist in every business. They're important for long term financial success and can make you more competitive than your competitors. But how do you stop competitors from copying your valuable assets?
 
The key is not to talk about your idea or make your IP public knowledge before you have protected it.
 
To protect your intellectual property, you should:
  • register it as a patent, trade mark, design, copyright or other type of IP.
  • keep your idea to yourself and trusted employees or advisors, and have them sign non-disclosure agreements
  • keep all records of how you created and developed the idea.

However, you may not be able to “own” your IP if it’s similar to that of another business. It’s important to search existing trademarks, designs and patents to ensure your idea is unique.

IP Australia has more information about registering and protecting your IP

Planning templates

Use these free planning templates and guides to help you better plan, prepare, manage, and exit a business. Investing time into proper research and planning can help turn your ideas into reality, and prepare you for what’s to come.

Business plan

A business plan works as a guide when your business is operating; how you operate, planning the future and preparing for risks. It is also often a required document for finance applications.

Marketing plan

An effective marketing plan can help you set clear, realistic and measurable marketing objectives for your business. It can boost your customer base increasing your bottom line.

Emergency plan

Your business is critical to your financial wellbeing, so you’ll want to protect it as much as you can against emergencies and disasters.

Succession plan

Planning for the day you leave your business is a valuable investment.

Our friendly team is here to help

If you need any assistance, please call 1300 142 820 for information relating to small business or visit our contact page for more information.