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Encyclopedia > Chain of title

A chain of title is the sequence of historical transfers of title to a property. The "chain" runs from the present owner back to the original owner of the property. In situations where documentation of ownership is important, it is often necessary to reconstruct the chain of title. To facilitate this, a record of title documents may be maintained by a registry office or civil law notary.


Chain of title for real property

Real estate is one field where the chain of title has considerable significance. Various registration systems, such as the Torrens system, have developed to track the ownership of individual pieces of real property. In many real estate transactions, insurance companies issue title insurance based upon the chain of title to the property when it is transferred. Title insurance companies sometimes maintain private title plants that track real estate titles in addition to the official records. In other cases, the chain of title is established by a abstract of title, certified by an attorney.


Chain of title for intellectual properties

In the motion picture industry, the chain of title involves the series of documentation which establishes proprietary rights in a film. The chain also applies to compilations in other fields, where many people have contributed to the project, thus acquiring authorship rights, or where materials were culled from many sources. Chain of title is extremely important to film purchasers and to film distributors, as it establishes the veracity of the owner's proprietary rights (or rights under license) in the intellectual property in a film, book or encyclopedia.


Chain of title documentation can include:

  • proof of errors and omission insurance (a special form of insurance for motion picture producers which covers omissions in obtaining adequate chain of title).

Specialist organisations engage in the production of copyright property reports for motion picture studios, which cover original or unexploited works, and include the results of US Copyright Office screening searches, author claimant searches, registration renewal searches and assignment searches. This involves reviewing US Copyright Office records from 1870 to present and numerous trade publications and databases, and Library of Congress records.




External link

  • How to Investigate the Copyright Status of a Work (http://www.copyright.gov/circs/circ22.html) U.S. Copyright Office



  Results from FactBites:
 
Encyclopedia4U - Chain of title - Encyclopedia Article (381 words)
Chain of title in the motion picture industry is the series of documentation which establishes proprietary rights in a film, it is also used in referring to digital works and compliations were there are many authors or materials culled from many sources.
Chain of title is extremely important to film purchasers and to film distributors, as it establishes the veracity of the owner's proprietary rights (or rights under license) in the intellectual property in a film, book or encyclopedia.
Title insurance is a type of insurance that is issued based upon the chain of title to real property when it is transferred between buyer and seller.
  More results at FactBites »


 

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