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"If you are successful, you will be copied and the copies will take your sales. You need a way to prevent this and that is "intellectual property" or "IP". This is a catch all term for an exclusive license from the government to sell something you created."

Generally, you can't grant an exclusive license to rights that you do not own. The author's definition of "intellectual property" would appear to have the government owning exclusive rights to sell anything eligible for intellectual property protection.

Sometimes, as a condition to receiving some form of financial support from the government, you might automatically assign rights to them. Obviously not all "intellectual property" is created with governmental support.

Internet authors frequently try to explain intellectual property incorrectly, but this is one of the more intersting incorrect definitions I have seen.

Patents, trademarks and copyrights do not grant a license to sell anything. They do provide rights to sue others.