Does IP Have Value Outside of Its Context?

In an article in The Regina Leader-Post on September 24, 2010, Jubilee Enterprises Ltd., the owners of the IP Rights to a board game called "Dare to Dream" got a reprieve from the Sheriff’s attempting to “seize” the IP.  The significance goes to the argument (which Jubilee made, apparently quite successfully) that IP (in this case copyrights and trademarks) is not separable from the goodwill and brand of the company… that the “seizure of the trademark or copyright without rights to the board game pieces or reproduction of the board game itself would make [the seized IP rights] essentially valueless.”