Week 4 - Discussion Forum 1
List two characteristics of natural, intellectual, and personal
Including tangible and immovable properties, such as brick-and-
mortar structures and buildings.
Generally, it involves ownership of physical assets attached to the
A non-tangible and intellectually produced item, such as a patent,
copyright, trademark, or trade secret.
Creates and protects original ideas, inventions, creative works, and
Movable assets, such as vehicles, jewelry, money, and stocks, can
be tangible or intangible.
A transfer of ownership or property sale can easily be
Explain the rights that owners of real, intellectual, and personal
property have under the law.
As an owner of real property, you have rights, including the right to possess
the property and occupy it and the right to use, lease, sell, or transfer the
property, subject to applicable zoning and land use laws. Recording
ownership through a deed is generally necessary, and the requirements vary
from jurisdiction to jurisdiction. As the intellectual property owner, you are
entitled to rights such as the exclusive right to use, reproduce, distribute,
and license your intellectual creations. You are also entitled to enforce these
rights against your intelligent products' unauthorized use, distribution, and
licensing. Among the rights of personal property owners are the rights to use
and possess the property and the right to sell, transfer, or dispose of it by
List how each type of property is treated under the law.
It is common for real property to be treated differently than other types due
to their permanent location and significant impact on local communities. For
orderly development to take place and protect public interests like safety
and the environment, zoning, and land use regulations are essential. It is
common for real property to be governed by complex laws regarding
ownership, use, and transfer. Typically, the request is recorded through