The right of ownership is the ability of a person to dispose of his property in accordance with his interests, goals and desires. In this case, the person must take into account certain limits established by laws. The concept of ownership is applicable to many areas. For example, this is economics, literature, philosophy, science, technology, production and much more. Naturally, such a thing as property law is also used in everyday use.
The concept of ownership can be divided into three main areas. In particular, these are:
- authority of possession. That is, a person has the legal ability to own property. Possession of any object can be both legal and illegal. In the first case, a person possesses property under any right available in existing legal norms. In the second case, possession of a thing is contrary to law. The bona fide illegal possession of property is a case in which a person does not realize that he is violating legal norms. Unfair possession of a thing assumes that a person knows, commits an unlawful act and does it intentionally;
- the concept of property right implies that each person can derive useful properties and certain benefits, including monetary ones, from property belonging to him. Moreover, such exploitation of things should not contradict the current law;
- a person is free to dispose of his property in accordance with his own needs and interests. That is, a person receives a legally supported opportunity to independently decide what to do with his property. For example, a person can make a deal involving his property, destroy a thing or change its purpose.
There is also the concept of intellectual property law. It applies to many areas. For example, this is an intellectual activity in the artistic, industrial, literary, and also scientific fields. The basis of this kind of ownership is the right to patent and authorship. This also includes the right to service marks, company names, trademarks, know-how, industrial designs. The concept of intellectual property right assumes that a person assigns his developments and discoveries to himself and can profit from them. That is, he can dispose of his creations as he sees fit.
Consider the concept and types of common property rights. Common material objects are property that belongs to two or more persons. For example, it can be a piece of land, a car, a house. Common ownership arises from a variety of circumstances. For example, this may be the formation of business entities, inheritance, privatization, joint construction of a house. People with common property must obey the following laws:
- no person can single-handedly dispose of rights to common property;
- each participant has the right to independently decide what to do with his share of the property;
- everyone has the right to dispose of his share of the property. That is, he has a right to its value and can profit from property. In this case, the participant bears responsibility, duties, various expenses on property in the prescribed amount.
To summarize. Property is those material objects that a person owns. Moreover, the fact of possession of property should not conflict with existing legal norms. Otherwise, a person will be punished depending on the nuances of obtaining and owning property.