When entering into website development contracts, the more you know, the more likely you will be able to avoid common pitfalls. It is your website, but ownership of the intellectual property on the site is not always apparent or obvious. When you engage an information technology vendor to build a new website you probably expect that you will own the IP in the end product. Unfortunately, that may not be the case. IP laws are somewhat complicated and can vary by state, as can the type of IP involved.