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Home Resources Glossary Intellectual Property (IP)

Glossary

Intellectual Property (IP)

A business’ legally protectable intangible assets, including patents, copyrights, trade names, domain names, trade secrets, and trademarks or service marks.

See Also

Trademark.

Tips

Intellectual property (IP) can include both registered and unregistered IP. Registered IP includes patents, copyrights, trade names, domain names, and trademarks or service marks. Non-registered IP can include a range of trade secrets, and other proprietary intangible property. Non-registered IP is more difficult to protect, and therefore, stronger agreements are required prior to accepting a letter of intent and allowing a buyer to perform due diligence on a business.

Related Resources

M&A Guide | Selling Your Business to a Competitor

Related Terms

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Initial Public Offering (IPO)

The first public sale of the stock of a formerly privately held company. Tips Companies are said to “go public” when they cease to be completely privately owned by offering...

Installment Sale

When the purchaser of a business pays the seller over several years, allowing the tax liability on any gain to be spread over the same period of time instead of...

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Internal Transfer

A sale of a business to an insider, such as a family member, an employee, or partner. See Also Buy-sell agreement, external transfer, ESOP Example The sale of a business...

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