'''Intellectual Property (IP)''' as defined by the World Intellectual Property Organization ([[WIPO]]) is anything created by the mind such as inventions, literary and artistic works, symbols, names, images, and designs that are commercially used.<ref>[http://www.wipo.int/about-ip/en WIPO]</ref>
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A '''registrar''' has direct relationships with domain name [[Registry|registries]] and is authorized to sell domain names. In order to become a registrar, one has to be accredited through ICANN which requires that they meet certain business and technical requirements.