When looking for the best broker in South Africa, several tips can help you choose! You'll need to consider account fees, the tools they...

How Much Does it Cost to Build Digital Banking App Like RAKBANK? The never-ending paperwork, waiting for a token number, and working hours make banking operations difficult for clients. People these days are too busy...

Selling your house is a major undertaking, and you may think the best way to get a high return on investment is to handle the entire process yourself. It makes sense that you would first think to avoid a real estate agent or Realtor when selling your home. Many potential buyers also look for properties that are FSBO (for-sale-by-owner). This can lower closing costs and leave both parties with more cash in their pockets. Most agents collect a commission fee from the home seller, which can cost between 6 to 8% of the final sale price. So, if your house closes for $350,000, you could expect to pay between $21,000 to $28,000. On top of what’s left on your mortgage, this could seriously impact how much you take away from the entire deal. However, there are perks to using an agent as well. Agents provide you with a level of … Continued

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The Mac 1 cannabis strain is a version of Miracle Alien Cookies (MAC), the progeny of Alien Cookies F2 and Miracle 15. Mac1 Strain has managed to achieve a sublime Indica-Sativa balance. That’s why many consumers consider this latest hybrid to be the improved version of the original green goddess. Sativa/Indica % Indoor Yield Outdoor ...

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Property buying and selling are major financial decisions you need to make in life, and as such, it is worthwhile to hire a professional to handle the matters on your behalf. Although many real estate agents are readily available, hiring the right one will give you a hassle-free and successful experience. This article is your perfect guide on how to hire a trustworthy and reliable real estate agent. It is essential to note that real estate agents have different specializations. For example, they can specialize in residential, commercial, land, or any other type of real estate. As such, it is best to choose an agent with more experience in the kind of transaction you need. How to Hire a Real Estate Agent Now to the most important part… How do you make sure you get the most appropriate real estate agent for your needs? Here are our top tips on … Continued

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In most cases, property appraisals are done in order to assess the value of a home prior to its sale. The appraisal, which is accomplished when a third-party appraiser evaluates your residential property, is necessary before a real estate transaction is finalized with a lender, for example. There are many factors that go into how to find your home’s property value, including comparable sales and marketing trends as well as the area of the city in which the home is located. The appraiser finds your home’s property value at the time of the appraisal, which could be as soon as several weeks or months before closing. If you decide to sell your home in the near future, your home’s value could impact whether or not you can find an offer you’re comfortable with. With so many factors that go into a home’s appraised value, it’s important that you understand the … Continued

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As a gamer myself, I spend a lot of time (too much probably) imagining what the future of gaming will look like. I do have to admit that I have been very disappointed in the slower than expected advancement of gaming technology over the past 20 or so years. I remember playing Super Mario 64 […]

The post Play-To-Earn and NFTs: The Future of Gaming? What you NEED to Know! appeared first on Coin Bureau.

All you need to know about how to run a crypto startup: ✅Tokenizing a startup: Where to start ✅ The relationship with the investors in crypto startups ✅Token, funding rounds and crypto strategies ✅The truth of running a startup

A new construction home can be very appealing especially when compared to an existing home, but it's important to weigh the pros and cons.

Jag Singh, Managing Director, Techstars, Berlin, offers an investor’s perspective on why it is important for startups and SMEs think about IP at the earliest opportunity.

An overview of ways smaller businesses can draw on IP rights to protect and manage their IP assets and some of the complex issues that can arise.

I previously reported on the Australian government’s budget announcement that it will be introducing a so-called ‘patent box’ tax incentive for medical and biotech (and, possibly, clean energy) innovations.  Implementation details of the scheme are yet to be worked out, and the government is promising to consult closely with industry on the design of the patent box.  However, while the final form of the scheme – which will not come into effect until 1 July 2022 – may not be known for many months, there is already at least one critical issue that prospective users of the system may need to consider.

The government’s fact sheet on ‘tax incentives to support the recovery’ states that ‘…granted patents, which were applied for after the Budget announcement, will be eligible’.  There is, as yet, no clear indication of what the government means by ‘applied for’, however in its ‘What’s New’ email (to which you can subscribe here), sent on 14 May 2021, IP Australia states that ‘[t]o be eligible, the patent must have a priority date after 11 May 2021…’.  Being unable to find this detail in the budget papers, I sent out a tweet asking whether anybody else had seen it, and tagging @IPAustralia, which responded:

Hi Mark, thanks for your comment. This is our understanding of the announcement. Further details on the patent box will be released in the coming weeks by Treasury as part of the public consultation.

— IP Australia (@IPAustralia) May 14, 2021

There is a big difference between ‘priority date’ and ‘filing date’, which hopefully will be open for discussion during the public consultation.  If the critical date is the priority date, then this means that Australian medical and biotech innovators who have already filed a priority application (e.g. a provisional application) prior to the budget announcement would not be eligible for the patent box tax incentive if they subsequently file a complete application claiming the benefit of the provisional filing date.  On the other hand, if they were now to file the same complete application in Australia without a priority claim, then they would be eligible for the scheme upon grant of any resulting patent.

The risk of dropping a valid claim to priority, of course, is there there may be intervening prior art that could invalidate or limit the scope of the claims, which has been made public after the priority date, but before the subsequent complete filing date.  To minimise this risk, the complete application should be filed as soon as possible. 

Fortunately, the Australian grace period protects an applicant against their own disclosures during the 12 months prior to the complete filing date.  Furthermore, the discovery of intervening prior art would not be fatal, at least up until grant of the patent (see regulation 10.2B(7) of the Patents Regulations 1991), since the patent request could be amended to include the priority claim, with the consequence that the patent box incentive would then be unavailable.

The choice to file in Australia without claiming priority would not affect the applicant’s right to claim priority in other jurisdiction, either through direct applications or via the Patent Cooperation Treaty (PCT).

But, frankly, this seems perverse.  To my mind, the logical choice for the critical date is the filing date of the complete patent application, which commences the patent term of up to 20 years during which the patent box tax incentive could be claimed.  Basing eligibility on the priority date will simply encourage strategies, such as I have outlined above, to engineer eligibility.  This does not serve anybody’s interests.  The government will not make significant savings on the operation of the patent box scheme, while applicants will feel compelled to adapt their patent filing strategies simply to comply with an arbitrary choice of eligibility criteria.

Hopefully, through the consultation process, common sense will prevail.  In the meantime, however, medical and biotech innovators with pending priority applications should probably seek advice from their patent attorneys.