Intellectual Property (IP) is a highly specialized domain that integrates technical and legal knowledge, making it inherently complex and knowledge-intensive. Recent advancements in LLMs have demonstrated their potential to handle IP tasks, enabling more efficient analysis, understanding, and generation of IP-related content. However, existing datasets and benchmarks focus narrowly on patents or cover limited aspects of the IP field, lacking alignment with real-world scenarios. To bridge this gap, we introduce **IPBench**, the first comprehensive IP task taxonomy and a large-scale bilingual benchmark encompassing **8 IP mechanisms and 20 distinct tasks**, designed to evaluate LLMs in real-world IP practice. We benchmark **19 main LLMs**, ranging from general purpose to domain-specific, including chat-oriented and reasoning-focused models, under zero-shot, few-shot, and chain-of-thought settings. Our results show that even the top-performing model, DeepSeek-V3, achieves only 75.8% accuracy, indicating significant room for improvement. Notably, open-source IP and law-oriented models lag behind closed-source general-purpose models. To foster future research, we publicly release IPBench, and will expand it with additional tasks to better reflect real-world complexities and support model advancements in the IP domain. We provide the data, code in the supplementary materials.

Homographic puns have a long history in human writing, widely used in written and spoken literature, which usually occur in a certain syntactic or stylistic structure. How to recognize homographic puns is an important research. However, homographic pun recognition does not solve very well in existing work. In this work, we first use WordNet to understand and expand word embedding for settling the polysemy of homographic puns, and then propose a WordNet-Encoded Collocation-Attention network model (WECA) which combined with the context weights for recognizing the puns. Our experiments on the SemEval2017 Task7 and Pun of the Day demonstrate that the proposed model is able to distinguish between homographic pun and non-homographic pun texts. We show the effectiveness of the model to present the capability of choosing qualitatively informative words. The results show that our model achieves the state-of-the-art performance on homographic puns recognition.