Abstract:
The research aim to review international agreements related to outerspace indicating to their provisions that concerning to The exploitation of outer space for commercial purpose and the principle of common heritage of humankind and its potential application, and the possibility of the admission of property rights in the light of the principle of sovereignty. Therefore, the conclusion is adaptation of space as an open land for the states and private entities without sacrificing the rights of all mankind, this will only be achieved through a legal system guarantees the right of private entities to obtain a major part of profits. With the allocation of a reasonable proportion for benefit of all mankind, so those proportions are determined according to balance between costs and profits learned, thus private entities can own profits only without space real estate property of mankind, if not exploited by entity, it can not dispose of it, moreover the right of private entities in the exclusive exploitation can be transmitted to others after a certain period of time, This can be achieved through recognition of functional approach rights
