Property Rights and Rights To People
Property rights are rights over things enforceable against all other persons. By contrast, contractual rights are rights enforceable against particular persons. Property rights may, however, arise from a contract; the two systems of rights overlap. In relation to the sale of land, for example, two sets of legal relationships exist alongside one another: the contractual right to sue for damages, and the property right exercisable over the land. More minor property rights may be created by contract, as in the case of easements, covenants, and equitable servitudes.
A separate distinction is evident where the rights granted are insufficiently substantial to confer on the nonowner a definable interest or right in the thing. The clearest example of these rights is the license. In general, even if licenses are created by a binding contract, they do not give rise to property interests.
Read more about this topic: Property Law
Famous quotes containing the words property, rights and/or people:
“Open the doors of opportunity to talent and virtue and they will do themselves justice, and property will not be in bad hands.”
—Ralph Waldo Emerson (1803–1882)
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“Whenever [Leonard Bernstein] entered or exited a country he would fill in on his passport form not composer or conductor, but musician. Of course people in the press spent a lot of Lenny’s life telling him what he should have done; he should have been a concert pianist, he should have composed more.... And people wouldn’t let him live his own life. But he created his own career, in his own image.”
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