Hi I need help with a transaction law homework question. I have been given a scenario where the my client is wanting to purchase the assets of a small company called Safe Arbour(SA). Within the sale, it has been agreed that SAs intellectual property rights are included in the sale. I am a bit confused about IP generally. So my question is how do I explain what registered intellectual property rights we would expect SA to have put in place to protect its IP, and why? And, how would the intellectual property be protected if no rights have been registered?

Any help would be greatly appreciated!