This unit describes the performance outcomes, skills and knowledge required to protect, secure and effectively use intangible assets of value to an organisation. It focuses on establishing and maintaining systems to protect and exploit an organisation's intellectual property to ensure business growth.

Unit details

Study level:
Vocational and further education (TAFE)
Unit code:


Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit's learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines. Students will be expected to demonstrate the following required skills: - identify and analyse information and advice from a range of sources to determine; - legislation, regulations and organisational policies and procedures relevant to intellectual property (IP); - organisation's assets, their value and where they are created or procured; - IP from other people or organisations that is used by the business; - organisation's IP rights and options for protection; - costs, benefits and risks of protecting IP; - potential for business growth through organisation's IP; - review or develop organisational strategy, policies and procedures for protection, management and use of IP; - recordkeeping; - ensuring employees, partners and contractors protect IP; - identifying and responding to infringements; - promoting a culture of compliance and respect for the intellectual property rights; - review and evaluate strategies, policies and procedures for IP and make adjustments and improvements as appropriate, and; - manage and contribute to the development and implementation of commercialisation of organisation's IP. Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.Students will also be expected to demonstrate the following knowledge: - describe types of intellectual property as they relate to the organisation; - explain processes for identifying and valuing the organisation's IP; - give examples of options for commercialisation of IP; - outline typical barriers to implementing policy and procedures to manage IP and possible strategies to address them; - identify relevant legislation and regulations relating to the organisation's intellectual property rights and responsibilities, and; - outline internal and external sources of information and advice relevant to intellectual property.

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