Intellect = Mental Power Intellectual Property = Intellectual property is a creation of one’s mind or act of thought or a product / process / service derived from it - such as musical , literary , and artistic works; inventions ; and symbols, names , images , and designs used in commerce, including copyrights, trademarks, patents, and related rights.
Legal Rights a person has to ideas they have created using their own minds or thought process
Intellectual property is the intangible but legally recognized right to property in the products of one’s intellect. Intellectual property rights allow the originator of certain ideas, inventions, and expressions to exclude others from using those ideas, inventions, and expressions without p e r m is s i o n .
https://www.youtube.com/watch?v=gIO8l_Gywy8 Why Should I Care about IP ?