This annotated version of Hohfeld’s most well-known and cited work is structured to provide important context and explanation both to law students and others seeking to better understand the core of Hohfeld’s typology, as well as to those well-versed in the Hohfeldian typology.1 The text has been condensed (the Editor’s deletions of the original text are indicated by ellipses,2 while Hohfeld’s deletions of quoted material are indicated by three asterisks) and annotated (in square brackets) with the law student and Hohfeld novice in mind. For this reason, all footnotes in the original work (that have not been deleted) appear in the text itself (in small type in triangle brackets), following the footnote number in the original article (which appears in normal type).