"A patent is a right granted for a device, substance, method, or process that you have invented that is new, inventive, and useful when compared with what is already known." (IP Australia)
Read more about patents from IP Australia, the Australian Government agency responsible for administering patents, trade marks and designs.
Definition: "Standards are published documents setting out specifications and procedures designed to ensure products, services and systems are safe, reliable and consistently perform the way they were intended to. They establish a common language which defines quality and safety criteria." (Standards Australia website)
Definition: A standard is a "documented agreement containing technical specifications or other precise criteria to be used consistently as rules, guidelines or definitions of characteristics, to ensure that materials, products, processes and services are fit for their purpose." (International Organization for Standardization (ISO) website.
Want to know more? Watch this video, created by the International Standards Organisation, on what standards do for you.