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LSDefine

Simple English definitions for legal terms

Proprietary rights

Read a random definition: Nulla bona

A quick definition of Proprietary rights:

Proprietary rights refer to the rights that come with owning something, whether it's a physical object or an idea. These rights allow the owner to control how the property is used and who can use it. For example, if you own a toy, you have the right to decide who can play with it and how it is played with. Similarly, if you have a patent for an invention, you have the right to decide who can use the invention and how it is used. Proprietary rights are important because they protect the owner's investment and encourage innovation.

A more thorough explanation:

Proprietary rights, also known as property rights, refer to the legal ownership of tangible or intangible property. These rights give the owner the ability to control, use, and dispose of the property as they see fit.

  • Real estate property: A homeowner has proprietary rights over their house, which means they have the right to sell, rent, or modify the property as they see fit.
  • Intellectual property: An inventor has proprietary rights over their invention, which means they have the right to prevent others from making, using, or selling the invention without their permission.
  • Business assets: A company has proprietary rights over its assets, such as equipment, inventory, and trademarks, which means they have the right to use and protect these assets from infringement.

These examples illustrate how proprietary rights give owners control over their property and the ability to benefit from it. Without these rights, individuals and businesses would not have the incentive to invest in and create new property.

Proprietary lease | Proprietor

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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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