Intellectual property (IP) laws are designed to protect creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce. These laws grant creators exclusive rights to their creations, offering a way to ensure that inventors and artists can profit from their work. However, the impact of IP laws is nuanced, affecting different market players in various ways. While they protect the status quo for established entities, they also pose both challenges and opportunities for new entrants. Intellectual property attorneys play a crucial role in navigating these waters, particularly for newcomers to various markets.