You must have heard about a patented product introduced by a certain company or a group, and see how the product or brand develops along with all of its specialized features. It helps people recognize it, as associated with the specific company or individual who has patented it. In Australia, you can see the patented products have been in the market. These are the ones that either have a significant innovative background or provide and inventive process that gives the user to benefit from the unique features. To have a patent or to register a patent requires a higher level of legal processes as compared to other things like shareholders agreement or a non disclosure agreement for a legal partnership agreement for your company.
It needs to have special features, in case you need to introduce and spread the word about your valuable patent. Though you may not need such a registration while you register a company for a new business. Where at that time, then you may have to focus on legal company registration, employment agreement for the new employees who joins and other things that are required to start your business. Patented products are produced and registered to make sure they have an added value for the consumers and are surely meant to bring some benefits to them, and no one else has a right to replicate or reproduce the same sort of product that is associated and has been introduced in the market.
There are basically 2 kinds of patents that can be registered as a patent product. One is the standard patent while the other is innovative patent. Each of them has to fulfill a certain legal criteria to be considered as a patented product. To be registered or accepted as a patented product it should be unique and has to have certain features like having an inventive step or innovative features.