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LSDefine

Simple English definitions for legal terms

Ownership

Read a random definition: capitula coronae

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

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General

General chat about the legal profession.
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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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