By Jern Ern Chuah, an EO Malaysia member and CEO of Advanz Fidelis

It still amazes me how far intellectual property (IP) has come in the past few years. I remember when working in the IP industry was about as unsexy a career as it gets. Nowadays, people seem to know a bit more about IP and its importance in the global, hyper-competitive markets in which we now operate. And yet, that newfound knowledge has given rise to a number of myths. Here are some clarifying points: