original viable commercial idea
#1
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I believe I may have the makings of the above, but how does one go about firstly safe guarding it and secondly bringing it about?
Any ideas anybody?
Any ideas anybody?
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#2
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Difficult to know unless you tell us what it is...but then it wouldn't be safe.
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#3
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Yeah, I know........but what would be the first step to take with any idea that has potential?
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If it's an invention, as provided by s.18 of the Patents Act 1990, then you could consider taking out a patent to protect your idea. Business processes, however, cannot be patented, so if it's more of a commercial idea, then you may not be able to protect it that way.
If you have a business or product name, then you could consider obtaining a Trademark registration for it, though you must have an intention to use it, and must subsequently go about using it.
As for the actual commercial idea - I am not sure how you would safeguard that without impinging on aspects of the Trade Practices Act. I guess you really need to keep it to yourself until you are ready to unleash it on an unsuspecting public.
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