Legal Definitions - property right

A property right is a legal guarantee or moral principle that allows a person to own, use, and dispose of tangible or intangible property. It is a legally enforceable claim that another person will do or will not do a given act, and the violation of which is considered a wrong.

Examples of property rights include:

• The right to own a house or a car
• The right to use a patent or a trademark
• The right to publish a book or a song
• The right to sell or lease a piece of land

These examples illustrate how property rights allow individuals to control and benefit from their possessions, and how they can seek legal protection if their rights are violated.