Ownership and Control Ontology
type: Ontology
abstract: This ontology brings the concepts of ownership and control together, in cases where the combined semantics are applicable, such as for a wholly owned subsidiary.
license: https://opensource.org/licenses/MIT
imports: Control
imports: Ownership
imports: Parties
imports: Relations
imports: AnnotationVocabulary
version IRI: OwnershipAndControl
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20180801/OwnershipAndControl/OwnershipAndControl.rdf version of the ontology was modified to better integrate it with the situation pattern and eliminate circular definitions.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20210201/OwnershipAndControl/OwnershipAndControl.rdf version of the ontology was modified to integrate the properties defined herein with the ownership and control patterns.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20211201/OwnershipAndControl/OwnershipAndControl.rdf version of the ontology was modified to address hygiene issues with respect to text formatting.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20220701/OwnershipAndControl/OwnershipAndControl.rdf version of the ontology was modified to use the Commons Ontology Library (Commons) Annotation Vocabulary rather than the OMG's Specification Metadata vocabulary.
change note: This ontology was added to Foundations in advance of the December 2014 Long Beach meeting in support of the issue resolutions identified in the FIBO FND 1.0 FTF report and in https://spec.edmcouncil.org/fibo/ontology/FND/1.0/AboutFND-1.0/.
has maturity level: Release
copyright: Copyright (c) 2013-2023 EDM Council, Inc.
copyright: Copyright (c) 2013-2023 Object Management Group, Inc.

ownership control situation
type: Class
subclass of: Situation
equivalent class: Class
  intersection of: Control
  intersection of: Ownership
definition: situation in which some party owns and controls something

is owned and controlled by
type: ObjectProperty
sub property of: isOwnedBy
sub property of: isControlledBy
range: IndependentParty
definition: relates something to the party that owns, influences, manages and directs it

owns and controls
type: ObjectProperty
sub property of: owns
sub property of: controls
domain: IndependentParty
inverse of: is owned and controlled by
definition: directs and exercises authoritative or dominating influence over some thing that is also owned
editorial note: basic rule: if x controls y and x owns y then x owns and controls y SWRL rule: controls(?x, ?y), owns(?x, ?y) -> ownsAndControls(?x, ?y)