IP In Depth – How to protect against a resources downturn

By Fraser Smith

By Fraser Smith

Our latest publication explores in detail what options are available to companies operating in the mining and engineering sectors in Australia to make the most of their Intellectual Property in protecting against the consequences of a resources downturn. The publication was launched recently at the Queensland Mining and Engineering Exhibition (QME) in Mackay.

In the modern mining and engineering sector, IP protection is about far more than simply preventing others from copying a company’s products. No company can exploit all of its ideas in every situation – but someone else could be able to fill the gaps. IP rights can be licensed to generate new revenue where the owner cannot invest. Every company at times needs to generate finance or reassure investors. IP rights form an asset which can be sold, reported or used to secure finance arrangements. In the last resort, large companies operating in declining sectors in Australia today, have been rescued from collapse by attracting overseas buyers for their intellectual property portfolios. Equally, those companies leading the industry with tools and techniques that mark them out from the rest, will suffer increasingly from others seeking to copy their innovations as competitive pressure increases. IP protection is critical to these companies’ ability to assert and protect their fairly won competitive advantage.

For more see our full publication here

For more information about intellectual property in mining, contact us on +61 7 3229 2655 or mail@fak.com.au