Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Ownership

Read a random definition: DHS

A quick definition of Ownership:

Ownership means that you have the legal right to use, keep, and give away something. It can be something you can touch like a toy or a house, or something you can't touch like a song or a story. When you own something, you can use it, enjoy it, and decide what to do with it. For example, you can sell it or give it to someone else. Ownership is important because it helps people know what they can and cannot do with things.

A more thorough explanation:

Ownership is the legal right to use, possess, and give away something. It can be tangible, like personal property and land, or intangible, like intellectual property rights.

  • Property: Complete ownership of property includes the right to possess, enjoy the use of, and dispose of it. For example, if you own a house, you have the right to live in it, rent it out, or sell it.
  • Property tax: Ownership for property tax purposes means you have the right to use and enjoy the property, including the right to pass it on to others. For example, if you inherit a piece of land, you become the owner and have to pay property taxes on it.
  • Copyright: Ownership of a valid copyright can be established by proving the originality and copyrightability of the material and complying with statutory formalities. For example, if you write a book, you own the copyright and have the right to publish it and make money from it.

These examples illustrate how ownership gives you certain rights and responsibilities over something. When you own something, you have the right to use it, enjoy it, and dispose of it as you see fit. However, you also have the responsibility to take care of it and follow any laws or regulations that apply to it.

Owners' agreement | Ownership in common

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.