A patent, according to IP Australia, is a legally enforceable right for a device, substance, method or process. For your application to be successful, your invention must be new, useful and inventive or innovative. When granted, a patent will give you exclusive commercial rights to your invention (a monopoly). The type of patent you hold will determine the duration of your protection.
Understanding the differences between patents, copyrights, trademarks, and trade secrets - explained by Forensic Group