Art Loan – The loan of works of art to a museum or gallery, which is usually documented in a loan agreement that records the terms agreed between the borrower and the lender. Artist contracts and other written agreements can help avoid conflicts and misunderstandings in partnership. Read 4 min When planning an exhibition, whether it is a temporary or travelling exhibition, it is important to have a written agreement or contract with contributing organizations, artists and moderators. They are written to specify the work to be carried out and the expected results. Formal agreements give both parties a clear reference point for their individual responsibilities and responsibilities. Commission – either a) a deposit or deposit – p.B. payable by a sender to a sender, a buyer`s representative or a merchant, a gallery or a broker; or b) a work of art specially commissioned and manufactured by a buyer. The commissioning of such a work of art is often documented in a commission agreement. The agreement or contract is the legal document between an artist or owner of a work of art and a loan or between an exhibition organizer and the venue. Contract letters are similar to the usual business correspondence. Above you will find important contact information, a tax ID, a header and a title that indicates the contract. An agreement (LOA) requires a tailored response, so it should be clearly formulated and not buried in the document. There should be something like « This agreement must be signed and rendered before artists plan their work. » Due Diligence – Measures to evaluate a work of art, often before a purchase or loan.
These steps may include essays to determine the origin, title, authenticity and condition of a work of art. Agent – Someone who acts on behalf of another person (the client) and may be allowed to enter into contracts between the client and a third party, usually for a commission. Since an agent does not have a contract in his own name (in his own name), he cannot assume any responsibility to the third party and/or the client under the contract, unless the agent acts in an unprecedented manner. When art is purchased and sold, it is very common for a buyer`s representative and a seller to act on behalf of the buyer and seller to preserve their confidentiality. Each contract should indicate each party`s responsibilities and obligations, compensation and project costs. It can be formulated simply (without complex legal jargon), unless the project specifically requests it. While a contract can be simple, make sure it is clear and avoids confusing or uncertain language.