Collective Ownership
/kəˈlɛktɪv ˈoʊnərʃɪp/
Definitions
- (n.) A legal framework in which ownership rights over property or assets are held jointly by a group rather than by individuals.
The cooperative operates under collective ownership, where all members share equal rights to the property.
- (n.) A mode of ownership consistent with communal or group control, often used in the context of land, resources, or enterprises, emphasizing shared responsibility and benefits.
Collective ownership of the agricultural land allowed villagers to manage resources democratically.
Forms
- collective ownerships
Related terms
See also
Commentary
Collective ownership often requires clear governance structures to delineate rights and duties among participants to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.