IP

Definitions

1. Short for intellectual property in startup and business contexts, referring to protected creations such as patents, trademarks, copyrights, and trade secrets. Clean IP ownership is a standard diligence item in financings and acquisitions.

   In plain English: A shorthand for intellectual property the company owns or controls.

   Example: "All contractor assignments had to be cleaned up so the company actually owned the IP."

Related Terms

• Cap Table
• Equity
• Equity Split
• Intellectual Property
• Licensing
• NDA
• Non-Disclosure Agreement
• Patent
• Patent Troll
• Service Agreement
• Terms of Service
• Trademark
• Code Ownership