In the absence of market and exclusive property rights, conflicts among those multi-stakeholders are unavoidable.

在缺乏完善的水资源市场和产权制度时，水资源开发利用上的冲突不可避免。

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Ths Seller also remains the exclusive owner of any intellectual or industrial property rights relating to the goods.

卖方仍是与货物有关的知识产权或工业产权的唯一所有者。

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The rights to property are the rights to control rem directly and are of an absolute and exclusive legal nature.

物权是对于物的直接支配的权利，具有绝对、排他的法律属性。

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North, a Nobel Prize-winning economic historian, asserts in his book Structure and Change in Economic History that when most of mankind stopped being hunter-gatherers 10, 000 years ago and settled down to farm, there was a basic shift from common property rights to exclusive ones.

FORBES: Waking Dead Capital