Among the significant aspects of property or "ownership" are the rights to determine the use of it and the right to dispose of it. What has been referred to as "intellectual property," if it may truly be referred to as property, must therefore be capable of becoming the subject matter of agreements of various kinds-licenses, contracts and assignments. The lawyer is consequently concerned with applicability of the law of contracts as well as of the law of property to intellectual property.
Frederic B. Schramm, Licenses, Contracts and Assignments of Intellectual Property, 9 Clev.-Marshall L. Rev. 65 (1960)