STATEMENT OF NO LIENS - DISTRIBUTOR

Updated: Nov. 1, 2025

1. What is it?

A Statement of No Liens (Distributor) is a formal written declaration from a distributor affirming they have no liens, encumbrances, claims, or security interests exist against a particular asset—commonly intellectual property such as film rights, music, or literary works. This statement confirms to a third party (like a buyer, lender, distributor, or financier) that the asset is free and clear of legal claims from the distributor that could affect ownership or transferability. It plays a critical role in due diligence and chain of title verification, providing reassurance that the property can be transferred or licensed without hidden legal obstacles.

2. Who is it for?

This statement is crucial for parties involved in the acquisition, financing, or distribution of creative works who require assurance about the asset’s legal status.

Typical users include:

• Film producers and distributors verifying chain of title

• Lenders or investors assessing collateral status

• Buyers acquiring rights or licenses to use a work

• Attorneys conducting due diligence in IP transactions

• Completion guarantors requiring clean title

• Sales agents preparing materials for markets or festivals

3. What does it include?

The document explicitly states the distributor has no liens or encumbrances that exist on the specified property.

DISCLAIMER:

·      This document template is provided for educational and informational purposes only and does not constitute legal advice. Use at your own risk.

·      Use of this document does not create an attorney-client relationship, privilege, or confidentiality.

·      You are responsible for customizing this template to your own needs.

·      You should consult with a qualified attorney licensed in your jurisdiction to satisfy your specific legal needs.

·      We do not provide advice specific to your situation.

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