RoaldDahl
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LSDefine
Simple English definitions for legal terms
property right
Read a random definition: USPTO
A quick definition of property right:
Property right refers to the legal ownership of something, whether it's a physical object like a house or a non-physical thing like an idea. It means that the owner has the right to use, sell, or give away their property as they see fit, and others cannot take or use it without permission. Property rights are important because they allow people to have control over their possessions and to benefit from them.A more thorough explanation:
A property right is a legal guarantee or moral principle that allows a person to own, use, and dispose of tangible or intangible property. It is a legally enforceable claim that another person will do or will not do a given act, and the violation of which is considered a wrong.
Examples of property rights include:
- The right to own a house or a car
- The right to use a patent or a trademark
- The right to publish a book or a song
- The right to sell or lease a piece of land
These examples illustrate how property rights allow individuals to control and benefit from their possessions, and how they can seek legal protection if their rights are violated.