The word, chain of title, refers to the series of transfers of title to a property. The chain is chronological and is set in reverse order, tracing from the present owner back to the original owner. Sometimes ownership has to be documented and reconstructed via a registry office or civil law notary.
Chains of title can include several different types of documents including: judgments of distribution from estates, notations of deeds, certificates of death of a joint tenant, judgments of quiet title, foreclosures, and other recorded transfers of title to real property.
In the issue of intellectual property, a chain of title can establish proprietary rights to a film, piece of music, or other materials safeguarded with a copyright.
The archives of the county clerk or the registrar of deeds usually have the data that is required to be able to research and find out a chain of title. This document is required to legally determine that the present owner of a piece of property has the exclusive right to sell it, and it has to be corrected each time the property changes hands.
Abstract of title is the same with chain of title. Without it, you cannot acquire title insurance, which safeguards against financial loss or liability due to errors in the title report. “Encumbrances” and “conveyances” are two legalese terms in a chain of title document that you may need some assistance deciphering.
A chain of title document can settle conflicts concerning specific rights to a property, such as hunting, farming, or timber rights. The authorized use of the property granted to another party for a specific intention, which is called as an easement, can also be resolved with a chain of title document. Sharing a common entrance or exit route, such as a driveway is a good illustration of an easement.
When dealing with ownership of intellectual property, establishing a chain of title is more complex than simply giving a document. Ownership when dealing with any literary work or musical composition requires copyright verification. Participating actors are asked to sign a release, which permits the commercial distribution of their likeness when dealing with films and movies. Discharges must be signed by choreographers and animation artists as well before any of their works can be shown.
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