Intellectual property is becoming more and more valuable in todayrsquo;s economy. In the building and construction industry, intellectual property become an important asset that can be licensed and even monetized. This exclusive rights provides a competitive advantage in the architectural and industrial world. Early consideration of copyright issues can also help to reduce risks and avoid expensive disputes. It is also important to closely study the competition on the market, when creating a new product. It should be noted that there are different types of IP that are characteristic for the architectural and construction industry, including industrial designs, trade secrets and trademarks. This article aims to closely examine the subtleties of the right to intellectual property and what it entails, as well as, establishing the causes and consequences of IP theft. At the same time, we will identify if there are other forms of IP protection and which are.