
Over a considerable period of time Rismark has developed a suite of intellectual property ("IP") assets in relation to its core business processes and related shared equity mortgage, property index, property derivatives, automated property valuation model, and insurance innovations, amongst many other things. To protect the value of those processes and innovations, Rismark has filed a number of patent and trademark applications in Australia and overseas.
Rismark has been granted the following eight innovation patents (which have now also been examined and certified) by the Australian Patents Office, IP Australia:
-Australian Innovation Patent No. 2008 100 749
-Australian Innovation Patent No. 2008 100 748
-Australian Innovation Patent No. 2007100 448
-Australian Innovation Patent No. 2007100 445
-Australian Innovation Patent No. 2005100 871
-Australian Innovation Patent No. 2005100 869
-Australian Innovation Patent No. 2005100 868
-Australian Innovation Patent No. 2005 100 867
-Australian Innovation Patent No. 2005 100 865
-Australian Innovation Patent No. 2005 100 864
Rismark's patents give Rismark the exclusive rights in Australia, during the terms of the patents, to exploit the inventions and to authorise other persons to exploit the inventions. These rights include the rights to use the methods or processes claimed, or to make, hire, sell or otherwise dispose of products resulting from such use. Rismark's patents form part of a wider strategy that has been adopted by Rismark in consultation with its lawyers and patent attorneys to protect its intellectual property.
Rismark currently has a limited and selective licensing program, whereby it is prepared to license its intellectual property on reasonable commercial terms to third parties interested in offering, funding or processing the shared equity mortgage products which fall within the scope of its intellectual property, including Rismark's patents.