Intellectual Property
Also called IP
Intellectual property: creations of the mind that the law protects as assets, inventions, brands, code, designs, content, through patents, trademarks, copyrights, and trade secrets.
Why it matters
For many startups the IP is the core asset, and ensuring the company (not a founder or contractor) owns it is critical to fundraising and exits. Messy or unassigned IP is a red flag that can sink a deal in diligence.
For example
For a deep-tech startup, the patented algorithm is the core IP, and investors check in diligence that the company clearly owns it.
Worth your time
Related terms
Go deeper
See how founders actually handle this on Co-founders, team and legal, part of the Starting Up hub.