A chain of title is defined as the historical transfers of ownership title towards a property. It is a valuable tool that show the past owners of a property and serves as a property's historical ownership title.
For better understanding, chain of title simply refers to a document showing the past owners of a property to the present. For example, a land that was owned by Mr. John Bally was sold to Mr. Cam You in the year 1942, later on Mr. Cam You sold it to Mr. First Born in the year 1972 which is presently the owner of the property. The chain of title, is the successive sequence of the documentation of the historical owners to the present; that is: Mr. John Bally (landlord 1920-1942), Mr. Cam You (landlord 1942-1972) and Mr. First Born (landlord 1972-till date).
Chain of title is a legal document, and so it is maintained by a registry office or civil law notary.
Chain of title for real estate or property
Real estate are one of the field were the chain of title is taking more seriously or it is significant. Most registration system have been developed to track the ownership of individual piece of real estate property; such as the Torrens title system.
In the United States, the insurance companies, issue title insurance based upon the chain of title to a property when it is transferred.
In some cases, the chain of title is established by an abstract of title, sometimes but not always, certified by an attorney
Chain of title for copyrights, trademarks and right of publicity
In the movie industry, the chain of title involves the series of documentation which proprietary (ownership of a property) right in a film.
Chain of title documentation include:
For better understanding, chain of title simply refers to a document showing the past owners of a property to the present. For example, a land that was owned by Mr. John Bally was sold to Mr. Cam You in the year 1942, later on Mr. Cam You sold it to Mr. First Born in the year 1972 which is presently the owner of the property. The chain of title, is the successive sequence of the documentation of the historical owners to the present; that is: Mr. John Bally (landlord 1920-1942), Mr. Cam You (landlord 1942-1972) and Mr. First Born (landlord 1972-till date).
Chain of title is a legal document, and so it is maintained by a registry office or civil law notary.
Chain of title for real estate or property
Real estate are one of the field were the chain of title is taking more seriously or it is significant. Most registration system have been developed to track the ownership of individual piece of real estate property; such as the Torrens title system.
In the United States, the insurance companies, issue title insurance based upon the chain of title to a property when it is transferred.
In some cases, the chain of title is established by an abstract of title, sometimes but not always, certified by an attorney
Chain of title for copyrights, trademarks and right of publicity
In the movie industry, the chain of title involves the series of documentation which proprietary (ownership of a property) right in a film.
Chain of title documentation include:
- Copyright clearance on music from the regional collecting society, and to a less common extent, footage of other films.
- Trademark clearance
- Talent agreement , which should incorporate a legal release from the actors (including crowds), directors, cinematographers, choreographers or others, to use their work, images likeness and other personality rights in a film
- Proof of errors and omission insurance.
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