Management and Organizational Studies 2275A/B Lecture Notes - Lecture 7: Paris Convention For The Protection Of Industrial Property, High Standard Manufacturing Company, Patent Attorney
Document Summary
Land and whatever is permanently affixed to it. All property, other than land and what is attached or part of it. to land. Personal property that is moveable, the value of which comes from its physical form. Personal property, the value of which comes from legal rights. Intangible property may be like stocks or property papers etc. There is no comprehensive system for publicly registering title to personal property as there is with real property. There are some specialized registries for items such as motor vehicles, patents, and trademarks. It is the legal right to sell it and do pretty much you want to with it (ownership) Possession is not ownership, you have a legal right to take care of it but don(cid:495)t own it. Note: know the difference b/w ownership and possession. Sometimes people who own also have possession of the property. Ownership can be acquired in a number of ways (contract law: through a contract):