Intellectual property (IP) rights include various classes of rights covered by legislation including copyright, patents, registered designs and trademarks.
Contracts will include provisions to deal with the ownership and rights to use IP rights in material created under or otherwise relevant to the performance of the contract. These provisions usually consider 'new' material created under the contract (sometimes called foreground IP), as well as material that was previously created outside the contract that is incorporated in the deliverables under, or required for the performance of, the contract (sometimes called background IP). These provisions can be quite complex, as they need to consider material created by the supplier, material created by third parties (such as subcontractors of third party vendors), material created jointly by the supplier and the Commonwealth, as well as material provided by the procuring entity.
Intellectual property rights is a complex area of law and you should consider separate legal advice if the contract will involve significant intellectual property issues.