AGREEMENT of
ORIGINAL TRANSFER
of ARTWORK
Artist:
Address:
Tel: |
Purchaser:______________________________
Address:_________________________________
____________________________________________
Phone:__________________________________ |
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- Sale: Artist hereby sells
the Work to Purchaser at the agreed value of $_____________
- Notice of Exhibition: Before
committing the Work to a show, Purchaser must give Artist
notice of interest to do so, telling the Artist all the details of
the show that Purchaser then knows.
- Provenance: Upon request,
Artist will furnish Purchaser and his successors a written
history and provenance of the Work, based on the Artist's
best information as to shows.
- Artist Exhibition: Artist
may show the Work for up to 60 days once every five years at a
non-profit institution at no expense to the Purchaser, upon written
notice no later than 120 days before opening and upon satisfactory proof
of insurance and prepaid transportation.
- Non-Destruction: Purchaser
will not permit any intentional destruction, damage or modification of the
work.
- Restoration: If the Work is
damaged. Purchaser will consult Artist before any
restoration and must give Artist first opportunity to restore it,
if practicable.
- Rents: If the Work is
rented, Purchaser must pay Artist 50 percent of the rent
within 30 days of receipt.
- Reproduction: Artist
reserves all copyrights and rights to reproduce the Work.
- Notice: A notice, in the
form below, must be permanently affixed to the Work, warning that
ownership, etc., are subject to this contract. If, however, a
document represents the Work or is part of the Work, the
Notice must instead be a permanent part of that document.
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NOTICE:
Ownership, transfer, exhibition and reproduction of this Work
of Art are subject to a certain Contract dated
___________________ between:
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Artist:
Address:
Tel: |
and
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Purchaser:
________________________
Address: __________________________
_____________________________________
_____________________________________
Phone: ____________________________ |
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| Expiration:
This contract binds the parties, their heirs and all their successors
in interest, and all Purchaser's obligations are attached to the
Work and go with ownership of the Work, all for the life of the
Artist and Artist's surviving spouse plus 21 years, except the
obligation of Paragraphs 2, 3, and 4 shall last only for Artist's
lifetime.
Attorney's Fees: In any proceeding
to enforce any part of this contract, the prevailing party shall be
entitled to reasonable attorney's fees in addition to any available remedy.
Date:_______________________
Artist:_______________________________
Purchaser:__________________________
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