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Is whatever your patenting useful? How big is its market? Realistically how much could a buyer earn if utilized to the fullest? Can it be circumvented easily? Will it be more effort to circumvent than it is to license?

Patents = a challenge to circumnavigate. Nobody likes paying absurd license fees and we a small country if it's gonna be too difficult it'll get left as dead tech. There's plenty of examples of good tech that is killed by Patents restricting their market because manufacturers/suppliers don't wanna pay the fee.

Also you have a lot of questions in the last 3 months related to startups, patenting and funding. I'm assuming your an early game builder on some product or service and you think it'll make a buck. Sure protect your ip, but you'll make easier money in aus just offering the product/service better than competitors and keeping your IP hidden and secret. Soon as you patent you set the terms and conditions of the game, and the game is to produce whatever you've patented in a way that doesn't infringe and bypasses your fees.

In the end the lawyers are the big ticket winners.