Unlock the Power of Online Signature Legality for Assignment of Intellectual Property in Australia

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The Australian IP report presents an  important lens across the state of our   economy and how the economy is changing. For businesses with valuable inventions   being granted a patent can cause substantial  increases in productivity which are passed   through into higher wages for workers. Labour  productivity in Australia is around 30 percent   higher in the median patent-holding businesses  than in the median businesses without patents.  New plant varieties contribute to productivity  growth in many Australian agricultural industries,   partly by expanding agricultural production.  In 2022 total PBR applications in Australia   rose by 1.3 percent to 301 from their 2021 level. Around 53 900 businesses operating in Australia   each year hold a trade mark. Each additional  trade mark is linked to an eight percent   increase in revenue per worker. In Australia  the median business with a trademark employs   around four times the number of workers as the  median business without a trade mark. Labour   productivity is seven percent higher on average  in businesses that hold domestic trade marks.  For Australian businesses in certain design  intensive industries, mostly concentrated in   manufacturable, holding registered or  certified designs rights is linked to   higher productivity. Designs are also associated  with higher R&D spend and exports. On average,   labour productivity was around 30 percent  higher for median design-holding businesses   than in median businesses without registered  designs between 2010 to 11 and 2019 to 20.  Greater gender diversity in leadership  has been associated with higher rates of   patenting and greater R&D productivity, and gender  diversity within the R&D team is also positively   associated with more radical innovation. While  research investment is lower in businesses with   higher women participation they are more  productive in converting R&D into patents.  The 2023 Australian IP report  provides a rich account of how   the IP system contributes to creating a  skilled, diverse, and productive economy.