Intellectual property is real. Try stealing some IP from Apple and see what happens -- something real will happen.
IP is as real as any other legal construct, such as, contract rights. The term intellectual property is a term of art that just happens to model some of the analogues that exist between intellectual property, real property, and personal property.
IP is as real as any other legal construct, such as, contract rights. The term intellectual property is a term of art that just happens to model some of the analogues that exist between intellectual property, real property, and personal property.