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I believe it would be darker than mere loopholes. Corporations would probably both protect their own IP and steal each others' IP through militant means. Like, Cyberpunk 2077 could become reality.
No. Militant means aren't needed when no IP exists, especially when we use the same force we're discussing to enforce the "no IP" issue to enforce the "not trade secrets" rider that goes along with it. IP is a blight and are shouldn't be a job. The commercialization of art is forcing you to excuse millions of preventable deaths because you don't also want to address the issue that we allow people to work far longer per week than is natural or right. If you were still surviving on 20hrs of labor a week like all of humanity did pre capitalism, you wouldn't be bitching so much about your art being stolen because art would return to a leisure pursuit for you where it should be.
You're being fucked so hard you've completely lost sight of what's important and it's allowing you to justify genocide by withholding access to lifesaving drugs because you want to make money off a drawing