Privately-owned world is a recently-created designation used the United Empire of Earth (UEE) for a planetary body that is owned and governed by corporations or individuals. First created the planets in the Stanton system, these worlds are more akin to corporations than nations, eschewing democratic leadership and the requirements for senatorial representation. The majority of their inhabitants generally work for the corporate owner, with any additional population being made up of those who have set up independent businesses to supply food, clothing, non-corporate provided housing, and other necessities.
Inhabitants are protected by the UEE's Common Laws, but the enforcement of said laws is up to the discretion of the corporation.