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@marado@tilde.pt It’s still a convenient term to use for that category of laws, even if it is more misleading.

In case of art you’re mostly dealing with copyright, or the license to use the art in some way. Patents and some other laws, one might find under the “intellectual property” umbrella are all good example of things that have value, despite not being physical.

Even if somebody wanted to argue against this, it’s weird to draw the line between physical art and the rest of it.
Would printing out the image or script to a theater play, suddenly give it value, that it didn’t have before?