About This Chapter
Property Law - Chapter Summary and Learning Objectives
Property in legal terms covers much more than just real estate. Real estate is referred to as real property, but other property covered in the area of property law includes personal property and intellectual property. The main focus of property law is to protect the rights of the people who own the property. In this chapter, we will take a look at different aspects of property law and define important related legal terms. Some of the things that will be discussed in these lessons include:
- The difference between tangible and intangible property
- Trademark infringement
- The definition of a patent
- The scope of a copyright
- Legal protection for trade secrets
|Real Property and Personal Property: Definition and Differences||Discover the difference between real property and personal property.|
|Interest in Real Property: Types of Estates||Examine interest in real property, including fee simple absolute (sole ownership), conditional estate, life estates, future interests, leasehold estate and non-possessory estates.|
|What is Voluntary Property Transfer? - Defining Title by Deed||Explore the voluntary property transfer.|
|Involuntary Property Transfer Case Study: Adverse Possession and Condemnation||Learn about the involuntary transfer of property.|
|What is Intellectual Property Law? - Definition and Rights||Study the definition of intellectual property.|
|Trademark Infringement: Laws and Penalties||Find out about the extent of trademark infringement laws.|
|Patent Infringements: Definition and Cases||Learn about patents and patent infringements.|
|What is Copyright Infringement? - Understanding Copyright Law||Analyze copyrights and copyright infringements.|
|Trade Secrets and Patent Protection: Protecting Intellectual Property||Discuss trade secrets vs. patent protection.|
1. Real Property and Personal Property: Definition and Differences
Much of business law deals with property. There are actually two different types of property: personal property and real property. This lesson explains the differences between these two types of property.
2. Interest in Real Property: Types of Estates
There are several different ways a party can own an interest in real property. There are possessory types of interests and non-possessory types of interests. This lesson explains the main types of real property ownership.
3. What is Voluntary Property Transfer? - Defining Title by Deed
A conveyance happens when a property owner transfers property to a new owner. This is known as a voluntary property transfer, or title by deed. This lesson explains voluntary property transfers and title by deed.
4. Involuntary Property Transfer Case Study: Condemnation & Eminent Domain
Sometimes title to property transfers from one party to another without one party's consent. This is known as an involuntary property transfer. One type of involuntary property transfer is known as condemnation. The federal government has the power to condemn properties through its power of eminent domain. This lesson looks at a fairly recent Supreme Court case involving condemnation through eminent domain.
5. What is Intellectual Property Law? - Definition and Rights
Intellectual property is a broad term that applies to many different types of original creations. Businesses use intellectual property law to protect innovative and marketable works created in someone's mind. This lesson explains this special type of property law.
6. Trademark Infringement: Laws and Penalties
Trademark infringement occurs when someone uses another's trademark without permission from that trademark's owner. There are various state and federal laws that protect trademarks. This lesson explains trademark infringement and the laws that cover trademark infringement.
7. Patent Infringements: Definition and Cases
Patent infringement is a complicated civil cause of action. There are many, various components to patent infringement. Generally, it's the use of a patented object without the patent owner's permission. This lesson explains patent infringement.
8. What is Copyright Infringement? - Understanding Copyright Law
Copyright is a type of intellectual property right that protects certain original works. Copyright laws work to provide authors with exclusive rights to their works. Any unauthorized use could amount to copyright infringement. This lesson explains copyright law and copyright infringement.
9. Trade Secrets and Patent Protection: Protecting Intellectual Property
A business must decide how to best protect its intellectual property. Sometimes that decision comes down to deciding between using trade secret or patent protection. This lesson explains the key differences between these two intellectual property protections.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the CLEP Introductory Business Law: Study Guide & Test Prep course
- History of American Law
- Sources of Law
- Constitutional Law
- American Legal Systems
- Legal Procedures
- Contract Law Basics
- Capacity in Contract Law
- Contract Law and Third Party Beneficiaries
- Contracts: Assignment and Delegation
- Contracts: Statute of Frauds
- Contracts: Scopes and Meanings
- Contracts: Breach of Contract
- Contracts: Discharge of Contracts
- The Legal Environment
- Securities and Antitrust Law
- Creditors' Rights
- International Business Law
- Product Liability and Consumer Protection
- Types of Business Organizations
- Torts in Business Law
- Defamation, Libel & Slander
- The Role of Agency in Business Law
- Sales & the Law
- CLEP Introductory Business Law Flashcards
- Additional CLEP Introductory Business Law Flashcards