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Skip to 0 minutes and 4 seconds LLOYD ENGLAND: Why do we have intellectual property rights? And what is it they’re trying to achieve?

Skip to 0 minutes and 8 seconds ROSS HYAMS: Intellectual property rights really exist to incentivise commercial life and to incentivise people to be motivated to put their ideas out there and to hold onto them so they can get some value out of them as well.

Skip to 0 minutes and 22 seconds LLOYD ENGLAND: So why is it really important to protect your ideas and inventions when you try and go out to market to commercially realise them?

Skip to 0 minutes and 29 seconds ROSS HYAMS: So let’s say you invented a gadget, for example. You go talk to a lawyer about how you might commercialise it, and the lawyer will be bound by confidentiality, so that’s not going to go out anywhere. But let’s say you wanted to talk to somebody who’s going to mass produce your invention. You want to talk to them about this, but you don’t want them to tell anybody else, because you want to hold onto it. So you’d sign a non-disclosure agreement with them. You’d be protected, and they wouldn’t be able to tell anybody else about it while you were sort of working this idea or this invention up a bit.

Skip to 0 minutes and 58 seconds LLOYD ENGLAND: Great. Is there any last words of wisdom you’d like to give people about their interaction with the law?

Skip to 1 minute and 4 seconds ROSS HYAMS: I think it really comes down to understanding your rights, understanding your obligations, being up to date, and don’t get into things without getting advice. If you are getting into serious territory, get advice. Don’t try and do it yourself.

The Ross Hyams Perspective

Ross Hyams is an educator and law practitioner. Here, Ross shares with Lloyd his unique perspective on the essential things you need to know about intellectual property law.

There are a wide range of laws with a purpose of protecting the valuable creations and inventions of others. But, what can we do to make sure that we respect the intellectual property rights of others and not infringe or break the law in our day-to-day lives?

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Go to Downloads to access a checklist of intellectual property law essentials or See also for links to resources that relate to this topic.

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This video is from the free online course:

Law for Non-Lawyers: Introduction to Law

Monash University