Intellectual Property - (IP) - Intellectual Property is that which the mind creates, including inventions, literary and artistic works, symbols, names, images, and designs used in commerce. IP might include that which exists virtually. IP might be divided into two categories: Industrial Property and Copyrighted Property. While Intellectual Property is often associated with ownership of abstract goods, such as ideas, often that isn't the case. Much more on this subject is at www.wipo.int.