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Thanks for joining this episode of the No. 86 lecture series, where we discuss the foundational principles of Property Law as well as current topics in the academic literature. Todays episode features James Stern, Professor of Law at William Mary Law School. His scholarship centers on property and private law theory and on intellectual property, privacy and related issues. As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker. As we discussed in other episodes, the term property can apply to a lot of things and give rise to complex rules. In this episode, I want to focus on a particular type of property - intellectual property. What is IP? Is it governed by the same rules as tangible types of property? Intellectual property is a domain of different systems of private rights that we establish in law that operate in a way thats very analogous to conventional property in land or in tangibl