For the property attorney who has never dealt with possession is 9/10, ownership is a foreign concept to her. However, the reality of owning a physical asset like a house, a vehicle, jewelry, artwork and so on can be rather scary. At any time, a legal entity like a bank or a private individual can claim a lien on any asset under the possession is 9/10 principles. Once the legal claim is granted, the individual or entity automatically becomes the owner of all the assets that are subject to the claim, unless the parties can reach an agreement otherwise. The asset being possessed is then transferred to the legal entity making the claim at the time of transfer. And at the end of the day, the one making the claim gets the asset.
But what happens when a wrongdoer attempts to seize – ownership of a property without legally owning it? Usually, this happens when a property is in the wrong hands because of some crime or perhaps, even a misunderstanding. This can occur either before the claim has been validated by a judge or after. If the assets have already been transferred to some legal entity, there may be no way for the owner to regain ownership of them. In the case of non-ownership, the assets remain with the entity until the owner makes a request to have them returned. The best way to get the property back is to prove ownership.
What happens if a wrongdoer attempts to seize ownership of a property without valid possession? First of all, the process of recovering the property back is a lengthy and complex one. In the event that the process fails, the wrongdoer loses. But if the process does succeed, the injured party then has the option of suing the entity or person who pursued the action in order to recover ownership.
Under the law of most states – one may assert legal rights of possession. Some jurisdictions recognize two types of possession claims; a proprietary right of property and a proprietary right of use. The property is generally described as anything that can be considered as a commodity. Anything that has a value is said to be “owned” or “colossessed.”
Proprietary rights of use generally refer – to an exclusive right of use in exchange for a payment or other consideration. Under common law, possession is defined as the legal right of ownership. Although ownership may not be exclusive, it is said to exist in cases where a person has exclusive legal rights of ownership over the property. These legal rights of use are usually referred to as “copyrights.”
There are many ways to monetize a website including the purchase of the website – the creation of new websites, and the sale of websites through a digital asset transfer process. Digital asset transfers refer to a transfer from the seller’s site to the buyer’s site. The process of converting an online site into a digital asset usually includes metadata (keywords or text) that describe the site and provide data that describes the transferred website and its contents.
Digital asset management or DAM provides various ways to derive value from the site such as monetization through content or by obtaining metadata that can identify the contents of the site.