Basically Intellectual Property is the exclusive rights to the creations of one's designs or inventions.
There are different types of Intellectual Property involving Patents, Copyright, Industrial Design Rights, Trademarks etc therefore, you are entitled to your IP legal rights and through registration you can obtain them so that you are protected and your work cannot be ripped of by others.
Yelton, Jeff. "The Importance of Intellectual Property Rights Part #3 – Internet Laws." . http://www.varsguide.com/the-importance-of-intellectual-property-rights-part-3-internet-laws/ (accessed April 30, 2014).
Asian Institute of Technology. "Innovation and Intellectual Property Rights Efforts at AIT Consulting." . http://www.consulting.ait.asia/e_newsletter/e_newsletter_detail.aspx?id=37 (accessed April 30, 2014).
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