the protection of 'intellectual property' rights [=the rights of a person who has thought of or invented something that other people want to use, profit from, etc.]
The library is 'public property'. [=the library is owned by the city, town, or state]
We are not responsible for the loss of 'personal property'.
(..) I was standing there, holding onto that TV. Finally the voice says: "You hear what I said, boy?" I say, "Yes, sir. I did. But if I drop this, you get me on destruction of property too." You done some stretch in Cashman, right? Yeah, that was an easy piece of time, let me tell you. (..)1994 The Shawshank Redemption