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When you conceive a new idea, invention, a smart phone app... where does it reside at that moment ?
If you start a new business, what is its country, state or city address ?
.... to identity where an person, asset or a business "lives"... cars have license plates, businesses have certificates of incorporation, people have birth certificates or passports.
... but, what about intangibles ?
What about Intellectual Property ?
What about your new idea, invention, song, book, or computer application ?