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LSDefine
Simple English definitions for legal terms
corporeal ownership
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A quick definition of corporeal ownership:
Corporeal ownership means owning things that you can touch and see, like land, money, machines, or buildings. It's different from incorporeal ownership, which means owning a right, like owning a song or a book you wrote.
A more thorough explanation:
Corporeal ownership
Corporeal ownership refers to the ownership of physical objects that can be seen and touched. This includes things like land, money, machines, and buildings. In contrast, incorporeal ownership refers to the ownership of intangible rights, such as intellectual property.
- John owns a house and a car. He has corporeal ownership of these physical objects.
- Samantha owns a patent for a new invention. She has incorporeal ownership of the intellectual property rights associated with her invention.
The examples illustrate the difference between corporeal and incorporeal ownership. John's ownership of his house and car are examples of corporeal ownership because they are physical objects that he can see and touch. Samantha's ownership of her patent is an example of incorporeal ownership because it is an intangible right that she holds, rather than a physical object.