Ownership is the bundle of rights allowing one to use, manage, and enjoy property, including the right to convey it to others. Ownership implies the right to possess a thing, regardless of any actual or constructive control. Ownership rights are general, permanent, and heritable.
As stated in Israel Bio-Engineering Project v. Amgen Inc., 475 F.3d 1256, 1265 (Fed. Cir. 2007) (full-text):
|“||[t]he contract . . . gives IBEP exclusive ownership over the patent because this agreement gives it the right to an assignment of "all rights, title and interest" to "all inventions resulting from the R & D Programs."||”|
- Black's Law Dictionary (3rd Pocket Ed.)