Patents are legally enforced rights that give the patent owner the exclusivity to use their inventions commercially for the life of the patent.
They are granted to successful applicants for their unique device, substance, method or process, and must be:
A patent is a type of intellectual property (IP). IP refers to creations of the mind and includes trademarks, copyright, industrial designs and geographical indications.
Intellectual property laws and policies are developed internationally and federally, and by companies and educational institutions (including UOW), to encourage innovation and protect the rights of inventors.
See examples of these laws and policies below: