All film deals are built on the foundation of intellectual property. Film contracts are used to protect and/or effectively transfer such intellectual property rights as copyrights, trademarks, rights of publicity, or rights in ideas.
WHAT IS INTELLECTUAL PROPERTY?
The term intellectual property refers to a collection of laws that pro- tect products of the mind or personality, such as copyright, trade- marks, rights in ideas, rights of publicity, and privacy rights. The laws that protect patents and trade secrets are also part of intellectual property, but these are generally less important to the filmmaker. Intellectual property is often referred to by its abbreviated label, I P.