A unique approach to patents

One of the greatest perceived barriers to obtaining a patent in Australia is the cost and time involved. However, Australia has a unique two-tiered patent system which can fast-track obtaining patents, and potentially postpone the post-filing cost of prosecuting the patent indefinitely. Our system comprises ‘standard patents’, which last up to 20 years, and ‘innovation patents’ which have a maximum …

Wrays Industry Insights, Insights

Flogging a Dead Horse – Fintech Patenting

The Australian financial sector is the single largest contributor to the national economy. New ways to legally organise, distribute, invest and hide funds so that profits are maximised, whilst minimising taxation and associated risks, has been popular since people started using coinage and other symbolic value representations for trade. With so much money in the financial sector – and with …

Wrays Industry Insights, Insights

Freedom to operate searches

A strong knowledge base can give you a real edge over the competition, but are you taking advantage of all the available information streams? Freedom to operate searches are an extremely useful, yet chronically underutilised, tool for gathering information. FTOs are like reconnaissance missions, allowing you to scope the field of development and your competitors. Used effectively, they provide guidance …

Wrays Industry Insights, Insights

A double-whammy for Australian distributors? Parallel importing and infringement threat damages changes

Parallel importing defence expanded It is now easier to import ‘genuine’ branded goods into Australia without infringing the trade marks relating to that brand. In our flagship magazine, The Gatherer, we let you know about an upcoming Act which will make significant changes to Australia’s parallel importation laws. As of 25 August 2018, the parallel importation provisions of that Act …

Wrays Industry Insights, Insights