Features & AnalysisLaw Firms

Benefits to proving and depositing software IP

The Generix case is significant for the tech industry because it shows that by undertaking proactive measures to protect software, intellectual property rights were not only secured by the company, but the court was able to prove that Generix had created the software first.

The enterprise software market has seen extensive growth, particularly in the era of COVID-19 when many businesses relied on software to be able to remain business-as-usual in a virtual sense. The average number of SaaS applications used by organisations worldwide has increased from just 12 in 2016 to over 100 in 2021, and with more and more businesses relying on external vendors to provide their software and keep business operations running, software developers need to ensure that their company and software is protected to avoid potential financial and reputational consequences.

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