Industry Analysis & Industry Trends
The Intellectual Property Leasing industry plays a vital role in the Australian economy. Operators lease their intellectual property (patents, trademarks and other intangible property) to businesses in exchange for royalties or licensing fees. Businesses then use the intellectual property to create a range of products and services. The industry's major market is manufacturing firms, such as chemical and pharmaceutical manufacturers, which lease patents and other intellectual property on new medicines and other chemical products to avoid the costs associated with research and development (R&D).
Over the five years through 2015-16, industry revenue is expected to grow by an annualised 1.7% to total $2.0 billion, with growth of 2.4% forecast for the current year... purchase to read more
Industry Report - Industry Products Chapter
Intellectual property is a general term covering new or original creations of the mind. Intellectual property law protects the property and economic rights of creators and inventors of intellectual property. These laws cover a range of intangible property including trademarks, designs, patents, plant breeders' rights, mining exploration leases circuit layout rights and radio spectrum rights. Copyright for recorded work is not included in the industry. These laws protect a variety of ideas that are licensed by industry players, including computer hardware and software, products of research and development, and brands.
Licensing patents and designs
A patent confers the exclusive right for an inventor to make, use and sell a substance, device, method or process... purchase to read more