Understanding Original Acquisition: Legal Insights and Definitions
Definition & Meaning
Original acquisition refers to the process of obtaining a property or estate that has never been owned by anyone else. This occurs when a completely new proprietary right is established. For instance, when an author creates a new work, such as a book or a piece of music, the copyright for that work is considered an original acquisition. There are two primary ways this can happen:
- The property was previously res nullius, meaning it was owned by no one.
- A new property has just come into existence.