Let $C$ be a code of length $n$ over an alphabet of $q$ letters. A codeword $y$ is called a descendant of a set of $t$ codewords $\{x^1,\dots,x^t\}$ if $y_i \in \{x^1_i,\dots,x^t_i\}$ for all $i=1,\dots,n$. A code is said to have the Identifiable Parent Property of order $t$ if, for any word of length $n$ that is a descendant of at most $t$ codewords (parents), it is possible to identify at least one of them. Let $f_t(n,q)$ be the maximum possible cardinality of such a code. We prove that for any $t,n,q$, $(c_1(t)q)^{\frac{n}{s(t)}} < f_t(n,q) < c_2(t)q^{\lceil{\frac{n}{s(t)}}\rceil}$ where $s(t) = \lfloor(\frac{t}{2}+1)^2 \rfloor -1$ and $c_1(t),c_2(t)$ are some functions of $t$. We also show some bounds and constructions for $f_3(5,q)$, $f_3(6,q)$, and $f_t(n,q)$ when $n < s(t)$.