Intellectual Properties are anything that you create virtually but has some value which becomes an intangible asset for you as well as for you organization.
The specialized rights given to you by any Government for the creativity that comes out of your mind, Intellectual Property are an intangible asset. Your ideas are unique and these rights give the permission to use them by yourself only, no one can use your ideas without your permission. These rights are exclusive and have limited monopoly.
Yes, Intellectual Property Rights are limited to territory. Suppose you file for a patent in India, that patent is valid only in India, if you want to file an international patent; you need to seek protection separately under the relevant law.
Your ideas and imaginations including, any product, any design, your name, brand and logo these kinds of things come under Intellectual Property.
Excluding some people, anyone has right to Intellectual Property unless that Property is created by them only.
Yes, Intellectual Property rights are transferrable.
Yes, you can absolutely protect your Intellectual Property in abroad, but if you have application filed in India stating that it has limited territory, you need to file a separate application to seek protection abroad.