Evolving technology and globalisation are helping to bring more innovative and unique ideas to life. But at the same time, they are creating an ideal environment for opportunistic businesses or individuals to exploit a business’s competitive advantage for their own benefit.
Despite what many people think when starting up a business, the simple act of registering a business, company or domain name does not provide any proprietary rights.
Start-ups seeking to capitalise on the opportunities presented by the Turnbull Government’s Innovation Statement have some important questions to ask themselves before diving into the investor pool.
The infamous Hells Angels motorcycle club has followed a more conventional form of protecting itself than one may have expected – filing a claim against online art marketplace Redbubble (http://www.redbubble.com/about) for infringing its registered trade mark/s .
Whether your client is creating a new business venture, growing their current enterprise or looking to protect the empire they have built, trade marking is a vital consideration.
Most advisers are aware of the benefits of making a Family Trust Election (FTE) for carrying forward revenue losses, however less commonly considered are the advantages of making an FTE for franking credit trading measures.
Brands, domain names and product designs are all forms of intellectual property (IP) which your clients are likely to possess. They are often the most valuable and enduring assets a business holds. As with any major asset, IP needs to be protected and the tax implications considered. Each review of your client’s business affairs should include a thorough review of their IP.
A legendary Queensland IP battle is reaching a head. The fate of the Sunshine Coast’s iconic pub – formerly named Ettamogah – is hanging in the balance. With the end of the licencing agreement between the operators of Aussie World (Timevale) and the owners of the copyright subsisting in Kenneth Maynard’s cartoon The Ettamogah Pub Mob (Southern Equity) – from which the pub is themed – an important question arises: does the pub still have a right to exist, or is its very existence a continued infringement of Southern Equity’s copyright?