User:Melab/The Factory/Property
Property is anything that has an owner. Its two identifying characteristics are exclusivity and transferability.
Legal aspects[edit]
As previously mentioned, property is defined primarily by an exclusionary right that can transferred to other people. One analogy for explaining property rights is that of a bundle of sticks. In this analogy, a "property right" is really a collection of several different rights: possession, use, sale, protection, etc. Each one of these is a right associated with a particular thing as opposed to rights like freedom of religion or the right to a fair trial which are not.
Types[edit]
Tangible[edit]
Tangible property falls into one of two categories: real property and chattel. Real property is anything that's immovable (i.e., buildings, homes, etc.) whereas chattel is anything you can pick up and carry (i.e., pencils, books, bread, etc.).
Intangible[edit]
Intangible property is the kind of property you can't touch. The most obvious example of intangible property is copyright. Other instances include domain names, patents, trademarks, debts, and stocks.
Opinions[edit]
"As a man is said to have a right to his property, he may be equally said to have a property in his rights." ― James Madison