I hereby propose that the phrase intellectual property should be dropped. As others have pointed out, information really shares very few common properties with actual property. Therefore it should be called what it really is witch is tradmark, copyright, and patent. This can be abbreviated to TCP, which as you see , is in style with the just obsoleted aforementioned phrase.
I realize it will take time for everyone to catch on, so until everyones on the same page, it would be helpful if the enlightened few would refer to it TCP/IP. ;)