Assessor Resource

BSBIPR405
Protect and use intangible assets in small business

Assessment tool

Version 1.0
Issue Date: April 2024


This unit describes the skills and knowledge required to effectively protect and exploit the intellectual property of a small business. It focuses on identifying and valuing intangible assets, implementing measures to protect and commercialise these assets, as well avoiding the infringement of others’ intellectual property rights.

It applies to individuals who either operate a small business or who are investigating the establishment of a small business. It particularly applies to small businesses that have intangible assets with market value which require protection, and which can be used to improve business performance.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Identify and value intangible assets which are key to small business

1.1 Identify intangible assets, which are a key to the ongoing success of the small business, through an intellectual property audit

1.2 Research appropriate sources of information and advice for protecting and effectively exploiting the small business’s intangible assets, and seek professional advice when required

1.3 Value intangible assets so they can be incorporated into the business plan and risk assessment strategy

2 Identify and select types of protection available for intangible assets

2.1 Identify the types of protection for intangible assets, including registered and unregistered protection

2.2 Identify relevant legislative requirements in relation to the proper use and protection of intangible assets

2.3 Calculate the likely costs, risks and benefits of potential types of protection available

2.4 Assess organisational requirements, and balance costs and benefits to select the most appropriate methods to protect and use intangible assets

3 Implement appropriate protection for intangible assets

3.1 Ensure all employees, partners and directors are aware of the importance to the small business of protecting intangible assets

3.2 Implement confidentiality agreements if appropriate with employees and others who might have access to commercially sensitive information

3.3 Search appropriate databases and other resources to determine whether the small business’s intangible assets are original, to avoid infringement of the intangible assets of others

3.4 Follow procedures to protect intangible assets according to the type of protection required, using appropriate intellectual property professionals

3.5 Develop and implement processes for detecting and defending infringements against the small business’s intangible assets

3.6 Monitor the market for possible infringements of protection of intangible assets and take appropriate action if required

4 Develop and implement processes to avoid infringement of the rights of others

4.1 Develop and implement processes so the small business does not infringe on others’ intellectual property rights

4.2 Ensure all employees are aware of and understand the importance of avoiding infringing on others’ intellectual property rights

5 Use and commercialise the small business’s and others’ intangible assets

5.1 Identify options for exploiting and commercialising own intangible assets

5.2 Identify intellectual property of others that can legally be used by the small business for business advantage

5.3 Identify taxation, accounting and financial reporting requirements for any gains made from commercialisation of intangible assets

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Identify and value intangible assets which are key to small business

1.1 Identify intangible assets, which are a key to the ongoing success of the small business, through an intellectual property audit

1.2 Research appropriate sources of information and advice for protecting and effectively exploiting the small business’s intangible assets, and seek professional advice when required

1.3 Value intangible assets so they can be incorporated into the business plan and risk assessment strategy

2 Identify and select types of protection available for intangible assets

2.1 Identify the types of protection for intangible assets, including registered and unregistered protection

2.2 Identify relevant legislative requirements in relation to the proper use and protection of intangible assets

2.3 Calculate the likely costs, risks and benefits of potential types of protection available

2.4 Assess organisational requirements, and balance costs and benefits to select the most appropriate methods to protect and use intangible assets

3 Implement appropriate protection for intangible assets

3.1 Ensure all employees, partners and directors are aware of the importance to the small business of protecting intangible assets

3.2 Implement confidentiality agreements if appropriate with employees and others who might have access to commercially sensitive information

3.3 Search appropriate databases and other resources to determine whether the small business’s intangible assets are original, to avoid infringement of the intangible assets of others

3.4 Follow procedures to protect intangible assets according to the type of protection required, using appropriate intellectual property professionals

3.5 Develop and implement processes for detecting and defending infringements against the small business’s intangible assets

3.6 Monitor the market for possible infringements of protection of intangible assets and take appropriate action if required

4 Develop and implement processes to avoid infringement of the rights of others

4.1 Develop and implement processes so the small business does not infringe on others’ intellectual property rights

4.2 Ensure all employees are aware of and understand the importance of avoiding infringing on others’ intellectual property rights

5 Use and commercialise the small business’s and others’ intangible assets

5.1 Identify options for exploiting and commercialising own intangible assets

5.2 Identify intellectual property of others that can legally be used by the small business for business advantage

5.3 Identify taxation, accounting and financial reporting requirements for any gains made from commercialisation of intangible assets

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Identify intangible assets, which are a key to the ongoing success of the small business, through an intellectual property audit 
Research appropriate sources of information and advice for protecting and effectively exploiting the small business’s intangible assets, and seek professional advice when required 
Value intangible assets so they can be incorporated into the business plan and risk assessment strategy 
Identify the types of protection for intangible assets, including registered and unregistered protection 
Identify relevant legislative requirements in relation to the proper use and protection of intangible assets 
Calculate the likely costs, risks and benefits of potential types of protection available 
Assess organisational requirements, and balance costs and benefits to select the most appropriate methods to protect and use intangible assets 
Ensure all employees, partners and directors are aware of the importance to the small business of protecting intangible assets 
Implement confidentiality agreements if appropriate with employees and others who might have access to commercially sensitive information 
Search appropriate databases and other resources to determine whether the small business’s intangible assets are original, to avoid infringement of the intangible assets of others 
Follow procedures to protect intangible assets according to the type of protection required, using appropriate intellectual property professionals 
Develop and implement processes for detecting and defending infringements against the small business’s intangible assets 
Monitor the market for possible infringements of protection of intangible assets and take appropriate action if required 
Develop and implement processes so the small business does not infringe on others’ intellectual property rights 
Ensure all employees are aware of and understand the importance of avoiding infringing on others’ intellectual property rights 
Identify options for exploiting and commercialising own intangible assets 
Identify intellectual property of others that can legally be used by the small business for business advantage 
Identify taxation, accounting and financial reporting requirements for any gains made from commercialisation of intangible assets 
Identify options for exploiting and commercialising own intangible assets 
Identify intellectual property of others that can legally be used by the small business for business advantage 
Identify taxation, accounting and financial reporting requirements for any gains made from commercialisation of intangible assets 

Forms

Assessment Cover Sheet

BSBIPR405 - Protect and use intangible assets in small business
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

BSBIPR405 - Protect and use intangible assets in small business

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: