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Evidence Guide: BSBIPR405 - Protect and use intangible assets in small business

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBIPR405 - Protect and use intangible assets in small business

What evidence can you provide to prove your understanding of each of the following citeria?

Identify and value intangible assets which are key to small business

  1. Identify intangible assets, which are a key to the ongoing success of the small business, through an intellectual property audit
  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
  3. Value intangible assets so they can be incorporated into the business plan and risk assessment strategy
Identify intangible assets, which are a key to the ongoing success of the small business, through an intellectual property audit

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and select types of protection available for intangible assets

  1. Identify the types of protection for intangible assets, including registered and unregistered protection
  2. Identify relevant legislative requirements in relation to the proper use and protection of intangible assets
  3. Calculate the likely costs, risks and benefits of potential types of protection available
  4. Assess organisational requirements, and balance costs and benefits to select the most appropriate methods to protect and use intangible assets
Identify the types of protection for intangible assets, including registered and unregistered protection

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement appropriate protection for intangible assets

  1. Ensure all employees, partners and directors are aware of the importance to the small business of protecting intangible assets
  2. Implement confidentiality agreements if appropriate with employees and others who might have access to commercially sensitive information
  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
  4. Follow procedures to protect intangible assets according to the type of protection required, using appropriate intellectual property professionals
  5. Develop and implement processes for detecting and defending infringements against the small business’s intangible assets
  6. Monitor the market for possible infringements of protection of intangible assets and take appropriate action if required
Ensure all employees, partners and directors are aware of the importance to the small business of protecting intangible assets

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

  1. Develop and implement processes so the small business does not infringe on others’ intellectual property rights
  2. Ensure all employees are aware of and understand the importance of avoiding infringing on others’ intellectual property rights
Develop and implement processes so the small business does not infringe on others’ intellectual property rights

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

  1. Identify options for exploiting and commercialising own intangible assets
  2. Identify intellectual property of others that can legally be used by the small business for business advantage
  3. 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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

  1. Identify options for exploiting and commercialising own intangible assets
  2. Identify intellectual property of others that can legally be used by the small business for business advantage
  3. 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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

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

Required Skills and Knowledge

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