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Intellectual Property is a term that is widely used to describe the
collection of things covered by
trademarks, patents, copyrights, trade secrets, and
licenses. In fact there is, as far as I can tell, no legal definition
of Intellectual Property. It is a marketing term. If you hear someone
talking about their Intellectual Property you can rest assured that
they are not lawyers and should be ignored.
Not withstanding that fact you should learn as much as you can about
the various legal issues. They are important and they will cause
you much grief.