Title of Series Property Clause Samples
The "Title of Series Property" clause establishes which party holds legal ownership of a series property, such as a television show, film franchise, or book series. Typically, this clause specifies whether the producer, creator, or commissioning entity retains the rights to the title and related intellectual property, and may outline any limitations or exceptions to this ownership. By clearly defining title ownership, the clause prevents future disputes over rights, ensures proper attribution, and facilitates licensing, merchandising, or further development of the series.
Title of Series Property. Title to any or all of the Series Property may be held in the name of the relevant Series or one or more nominees, as the Manager may determine. All Series Property shall be recorded by the Manager as the property of the applicable Series in the books and records maintained for such Series, irrespective of the name in which record title to such Series Property is held. Any corporation, brokerage firm, or transfer agent called upon to transfer any Series Property to or from the name of any Series shall be entitled to rely upon instructions or assignments signed or purporting to be signed by the Manager or its agents without inquiry as to the authority of the Person signing or purporting to sign such instruction or assignment or as to the validity of any transfer to or from the name of such Series.