At the beginning of a new commercial partnership, both gallery owners and artists often wonder if they need a consignment contract, a legally enforceable contract that sets out the terms of sale and compensation. A record report can be as simple as a formal report on the artwork you send with a gallery, its condition, details and care notes. 4. Payment and accounting. This part of the agreement determines when the artist receives payment of the proceeds of a sale after deducting the gallery commission. The gallery should keep a statement of account for all art sales and regularly give a copy to the artist – every month, quarterly or at the time of the sale of the artwork. The artist should have the right to inspect the books and recordings of the gallery, as they relate to the sale of the work of art. 8. Sale by the artist. The shipping contract should determine whether the artist can exhibit or sell works of art that he has sent directly over the Internet or through another dealer.
The agreement should also indicate whether such a sale, if permitted, would require the artist to pay a commission to the gallery. 14. Copyright. The gallery takes all necessary measures to ensure that the artist`s copyright in the works of art shipped is protected in the artist`s name. The aim is to confirm the reception on air of the following works of art. Artists should list both the wholesale and retail prices for the convenience of the gallery and avoid any misunderstandings. 8. Loss or damage. The Gallery is strictly responsible for the damage caused to thought or damage to available works of art from the date of delivery to the gallery until the return of the artwork to the artist or delivery to a buyer. In case of loss or damage that cannot be recovered, the artist receives the same amount as if the artwork had been sold at the sale price.
You don`t need to learn a new design program to establish a record report from scratch. More time to shoot with design programs or format something professional in Word. Here are a few details to make sure your mailing report covers if it is not explicitly covered by an initial consignment agreement, or if there are changes for that consignment period. 1. The Agency`s area of activity. The artist names the gallery as the artist`s exclusive/non-exclusive agent in the following geographical area: -This agency applies only to works of art that the artist has filed during the current agreement. The gallery documents the receipt of all the works of art sent. The supply contract should cover at least the following areas. There are pros and cons to an emissions agreement. One advantage, for example, is that sending a gallery can allow for a risky or difficult job, since its money is not engaged in the stock of purchases. One drawback, however, is that, although the artist`s work is owned by the gallery, the artist will not be paid until the work is sold.
This business agreement is so complex that there may be misunderstandings and difficulties if the parties have not been clear about the terms of the agreement from the outset. 10. Transport of works of art. Packaging and shipping costs, insurance costs, other processing costs and the risk of loss or damage when the art is delivered: 9. Insurance. The gallery insures the artwork for its full wholesale price. When a right to insurance is claimed, the gallery pays all deductibles. 7. Fiduciary responsibility. This clause relates to the ownership of the work of art and the tax liability of the gallery to the artist. It makes it clear that the mailing work is the property of the artist and cannot be taken care of by the creditors when the gallery goes bankrupt.
