1. A joint tenancy has the right of survivorship; upon the tenant’s death, the interest in the property passes to surviving tenants. In a tenancy in common, upon the death of the tenant, the interest passes to that tenant’s heirs or to the person or persons named in the deceased tenant’s will.
2. A patent is an exclusive right to an invention and is good for 17 years. A trademark protects words or symbols used to identify a business or product and is good for 10 years. A copyright is an exclusive right to artistic and intellectual works and is good for life plus 50 years.
3. Real property may be acquired by purchase, gift, inheritance, adverse possession, accretion, or condemnation.
4. The use of copyright law and the law of “trade secrets.”
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