The term:IP used to abbreviate "intellectual property" is extremely controversial. The phrase itself is very controversial but the abbreviation more so, for implying that the abbreviation is standard and acceptable to all persons as having meaning in the law, e.g. see why the term 'intellectual property' is a seductive mirage.

In reality, the laws applying to such property vary extremely across jurisdictions as does enforcement. They are not "rights" in the sense of human rights.

To make matters worse, IP used to abbreviate Internet Protocol, the normal means by which instructional capital is transmitted globally, tends to confuse the technical and the legal levels involved. According to Lawrence Lessig this confusion is a very significant source of power, as coders responsible for invisible layers of the system are co-opted or corrupted by desires of people at more visible, linguistic and abstract layers.

Accordingly, the term IP must be avoided in any serious discussion of copyright, trademark, patent, domain names and other non-physical monopoly grants or rights.