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Copyright, trade marks, patents, business names… an expert overview of real business IP in Australia

Australian Business Podcast episode our host Owen Rask speaks with Intellectual Property (IP) experts Lachlan Lo and Patrick Johnson from IP Australia about copyright, trade marks and more.

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What’s the difference between a copyright and trade mark in Australia?

If you get the business name or domain name (URL), does that mean you are protected?

When you get an ABN and a business name, you can start trading… right?

Not. So. Fast.

If you’re a current or future business owner and you don’t know the basics of Intellectual Property in Australia, I think you really need to listen to this episode of The Australian Business Podcast.

Please.

You should also strongly consider listening to my first 12 episodes of our business podcast, and have a look at the lesson “Small business experts you need on your side” in my free business course. It’s in there where I cover all the experts and touch on the importance of copyright.

💡 Furthermore, it’s important you consider getting expert legal advice, especially if you plan to build a strong brand or innovative product in Australia. Ideally, you would do this before you mention it to anyone and before you try to raise capital to fund your idea.

I’m joined by IP experts

On this Australian Business Podcast episode I was joined by Intellectual Property (IP) experts Lachlan Lo and Patrick Johnson from IP Australia.

IP Australia is the Australian government body that administers intellectual property rights and legislation relating to patents, trade marks, registered designs and plant breeder’s rights in Australia.

Why does this matter? Here’s why…

Only 4% of small-medium businesses in Australia have a trademark 😬

Talking points I cover with Lachlan and Patrick

  1. What is the role of IP Australia and more broadly, what is IP?
  2. Why would a business get a trade mark?
    1. TM Checker
  3. What’s the difference between a trade mark and copyright?
  4. There are a large number of registrations a small business needs to think about when setting their business up – how do trade marks fit in with other business registrations?
  5. Can you tell me more about what a patent is?
  6. You mentioned the look of a coffee pod for a design earlier – how does that differ from a patent?
  7. Plant breeder rights – what the…
  8. A business gets a registered IP – then what?
    1. Enforcing IP
    2. Future of IP protection
  9. Where can our listeners go for more information?

Send us your business questions for this weekend’s episode

Anyone can send us questions… that means you! Click here send Jordan, Danil and Owen a question to answer on air. Just select “The Australian Business Podcast” when prompted.

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Zara, Owen, Jordan and Danil are proud to invite you to join our free online business owners community. Filled with videos, PDF downloads, daily discussion and more, you can join now for free to unlock episode resources and goodies. Click here to join us online.

✅ Grey Space Advisory – snag a $100 health check

Do you get stuck worrying about your business’ finances? Or what needs to be paid to ATO, employees, Super funds and so on? The Australian Business Podcast is proud to announce that our sponsor, Grey Space Advisory, is offering all business owners a financial health check.

Jordan and Danil’s expert team of accountants will conduct a review of your tax structure, bank setup, ATO obligations and reporting, business insurance and provide some advice on how to manage all of this — for just $99! You can book a $99 health check with the Grey Space Advisory team and tell them Owen sent you.

🏰 Rask – Get Owen’s best investing research

The Australian Business Podcast’s official sponsor is Rask, our very own company. We empower hundreds of thousands of investors around Australia, whether you’re new or have been investing for 40 years. You can take an investing course on Rask Education to discover how Owen carefully researches small or blue chip companies, or become a premium Rask member today to speak directly with Owen and see what he is investing in.

As Warren Buffett famously said, “I am a better investor because I am a businessman, and a better businessman because I am no investor.” 

***

The information on this website and in our podcasts is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

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