Concept of ownership

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, a person must take into account certain limits established by laws. The concept of ownership is applicable to many areas. For example, this is the economy, literature, philosophy, science, technology, production and much more. Naturally, such a concept as property law is also used in domestic circulation.

The concept of property rights can be divided into three main areas. In particular, it is:

• Right of possession. That is, a person has the legal ability to own property. Possession of an object can be both legal and illegal. In the first case, a person possesses property on any right that is available in existing legal norms. In the second case, possession of a thing is contrary to the law. Conscientious illegal possession of property is a case in which a person does not know that he is violating legal norms. Unfair possession of a thing implies that a person knows, commits a wrongful act and does it intentionally;
• The concept of property right implies that each person can extract from the property belonging to him, useful properties and certain benefits, including money. In this case, such exploitation of things should not contradict the current law;
• A person can freely, in accordance with his own needs and interests, dispose of his property. That is, a person gets a legally reinforced opportunity to decide independently what to do with their property. For example, a person can make a deal with the involvement of his property, destroy a thing or change its purpose.

There is also the concept of intellectual property law. It applies to a variety of domains. For example, this is intellectual activity in the artistic, production, literary, and also scientific fields. The basis for such a variety of ownership is the right to patent and authorship. This also includes the right to service marks, brand names, trademarks, know-how, industrial designs. The concept of property rights in the intellectual sphere assumes that a person appropriates his developments and discoveries to himself and can extract profit from them. That is, he can dispose of his creations as he sees fit.

Consider the concept and types of common property law . General material objects are property that belongs to two or more persons. For example, it could be a piece of land, a car, a house. Common property arises from a variety of circumstances. For example, it may be the formation of economic entities, inheritance, privatization, joint construction of a house. People with common property must obey the following laws:

• No person can solely dispose of the rights to common property;
• Each participant has the right to decide independently what to do with the property belonging to it;
• Everyone has the right to dispose of his share of property. That is, it has the right to its value and can extract from the property a profit. In this case, the participant bears responsibility, duties, various expenses for property in the established amount.

Let's sum up. Property is the material objects that a person owns. And the fact of possession of property should not contradict existing legal norms. Otherwise, a person will be punished depending on the nuances of obtaining and owning property.