Owner - Term Overview

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The owner is that natural or legal person who exercises the action of ownership or domain of an asset. That is, it exercises possession and control over a particular asset.

The definition of owner has undergone a historical evolution at the same time that the concept of private property has been experiencing it.

In the economic sphere, it's common to understand the owner as the person or company that owns or dominates an asset (personal property, real estate, companies, companies). This domain translates into the ability to make certain decisions about its economic exploitation, maintenance, transfer or sale.

The legal framework that governs the scope of action of an owner varies according to the country and the legality in which it's located.

The concept of owner versus manager

Alternatively, an owner doesn't have to carry out any activity related to property, since this power can be transferred thanks to industrial property tools (in the case of technology patents, for example) or rental contracts.

In other words, ownership of an asset doesn't necessarily mean that the owner is the manager of the asset. In this sense, it's important to understand the origin of this concept the existence of bare property.

Another common form of ownership is that shown by the shareholding of a company, where there are many owners thanks to the purchase and sale of company shares.

Different kinds of owner

- According to its nature: public or private, depending on whether it's the state or private individuals or companies
- Depending on whether or not it shares property: collective or individual, as mentioned above.
- Taking into account their role in the drift of the asset owned: asset or liability, depending on whether the owner is actively involved or not in making decisions about the future of the asset.

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