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title: Property Behaviour of Personal Tokens
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# Property Behaviour of Personal Tokens

At heart, a personal token is attention, an option for the holder to exercise (burn) and obligation of issuer to listen (as per terms of service). To satisfy the legal defintion of (intangible) [property](https://plato.stanford.edu/entries/property/) the token:
1. **must** respect the moral rights of issuer (example is refusal for military-duties on grounds of conscience);
2. **must** be defined in a consistent manner that preserves desirable properties (eg lawyer 6 min billable [timeunit](https://openlibrary.org/works/OL2995674W/The_honest_hour); 
3. **should** be non-perishable, if the issuer is incapacitated it should either be redeemed at a floor value or be treated as impaired (with death, value->0 unless guarantor exists);
4. **should** have clarity as to ownership such as current holder of the token(s) has an identity equivalent (or resolvable) to a legal counterparty bound by contract;
5. **could** be transferable within any duties imposed by 1) including 
* acquistion at fair market price;
* combination or splitting of tokens (within boundaries of 2)); 
* disposal or transfer (along with any tax implications);
* fractional or joint ownership (multiparty contract?)
6. 