Ownership

Ownership of property may be private, collective, or common, and the property may be of objects, land/real estate or intellectual property. Determining ownership in law involves determining who has certain rights and duties over the property. These rights and duties, sometimes called a "bundle of rights", can be separated and held by different parties.

The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in a number of ways. To acquire property one can purchase it with money, trade it for other property, win it in a bet, receive it as a gift, inherit it, find it, receive it as damages, earn it by doing work or performing services, make it, or homestead it. One can transfer or lose ownership of property by selling it for money, exchanging it for other property, giving it as a gift, misplacing it, or having it stripped from one's ownership through legal means such as eviction, foreclosure, seizure, or taking. Ownership is self-propagating in that the owner of any property will also own the economic benefits of that property.

Jocko Willink

Jocko Willink is a retired United States Navy SEAL, who received the Bronze Star and Silver Star for his actions in the Iraq War. Willink was commander of SEAL Team Three's Task Unit Bruiser during the Battle of Ramadi. Task Unit Bruiser became the most highly decorated special operations unit of the Iraq War.

Willink retired from the Navy in 2010 and formed the company Echelon Front. Echelon Front "Offer[s] practical, experience-based solutions to complex problems based on our own lessons learned through a myriad of dynamic leadership challenges. We don’t teach theory learned in a classroom. [They] offer unique personalized service designed to get your team executing at the highest level possible." As part of the Echelon Front team, Willink co-founded the company with Leif Babin who was also part of SEAL Team Three Task Force Bruiser, serving under Willink.

Based upon their careers in the Navy, Willink and Babin co-authored the leadership manual Extreme Ownership: How U.S. Navy Seals Lead and Win.