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Maine Agreement to Sell Works of Art

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Maine Agreement to Sell Works of Art Powered By Docstoc
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                             This is an agreement for a buyer to obtain the exclusive rights to sell, arrange, and exhibit
                             an artist's works of art for a period of time, subject to certain conditions. The agreement
                             contains standard provisions as well as opportunities for customization to fit the specific
                             needs of the parties. This agreement is useful to an individual or business located in Maine
                             that is seeking to sell, arrange, or exhibit works of art or to an artist seeking to have his or
                             her works of art sold.
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                           AGREEMENT TO SELL WORKS OF ART

The following constitutes the entire agreement with respect to the sale by
________________________________ [Instruction: Insert the Buyer’s name] ("Buyer") of
sculptures, drawings and graphics created by ________________________________ [Instruction:
Insert the Artist's name] ("Artist"):

1. For a period of ___________ (___) [◊ four (4)] years commencing on the date of this agreement,
   Buyer shall have the exclusive right, in any part of the world, to offer for sale and to authorize
   others to offer for sale, all items of art works created and owned by Artist. Artist shall initially
   deliver each such item of his work to Buyer at such location as may be designated by Buyer.

2. During the period of ___________ (___) [◊ ten (10)] years, Buyer shall have the exclusive right
   to arrange, and to authorize others to arrange, for the publication and/or sale, in any part of the
   world, of books and catalogues containing illustrated reproductions of the artwork of Artist.

3. During the period of ___________ (___) [◊ two (2)] years, Buyer shall arrange for exhibitions of
   Artist's works in the Cities of __________________, __________________ and such other
   places as the parties shall jointly determine. Buyer shall be responsible for all of the expenses of
   such exhibitions, including advertising and catalogue costs and insurance, Buyer covenants that
   the artwork will be insured against all risks and casualties for its full value. Any and all
   insurance proceeds on account of any such risk or casualty will be paid to Artist. Buyer shall
   provide Artist with all relevant information about his/her insurance coverage for the artwork if
   Artist requests this information and shall bear the entire cost of storing all items of Artist's work
   delivered to Buyer pursuant to this agreement. [Instruction: Delete or modify this clause if
   artist does not wish to have exhibitions in certain cities for a period of time.]

4. The parties acknowledge that Artist has furnished to Buyer photographs of each item of Artist's
   works owned by Artist on the date of this agreement. The price at which Buyer shall offer each
   such item for sale shall not be less than the price set forth on the back of such photograph. The
   parties shall jointly determine the minimum sales price to be charged as to those art works to be
   created by Artist during the term of this agreement. Minimum prices may be changed from time
   to time in such manner as shall jointly be determined by the parties. [Instruction: Please
   provide price of each item at the back of such item.]


5. Upon the sale of any of the art works covered by this agreement, Buyer shall be reimbursed,
   from the actual net proceeds of sale, for any initial shipping cost advanced with respect to such
   item. In addition and as compensation for Buyer's services in effecting the sale of a particular
   work, Buyer shall be entitled to retain ____ (__ %) percent [◊ twenty (20%)] of the balance of
   the net proceeds of the particular sale, as and for Buyer's commission for having effected such
   sale, with the remaining ______ (___ %) percent [◊ eighty (80%)] percent of such balance, less
   any amounts otherwise due to Buyer under this agreement, to be paid to Artist on a quarterly
   basis.
6. This agreement shall be governed by and construed in accordance with the laws of the State of
   Maine and shall be binding upon and inure to the benefit of the respective executors,
   administrators, successors and assigns of the parties.
Dated: _____ [Month] _____ [Date], 20_____



Buyer:

________________________________
    [Buyer's Signature]

________________________________
    [Buyer's Printed Name]




Artist:

________________________________
    [Artist's Signature]

________________________________
    [Artist's Printed Name]
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Description: This is an agreement for a buyer to obtain the exclusive rights to sell, arrange, and exhibit an artist's works of art for a period of time, subject to certain conditions. The agreement contains standard provisions as well as opportunities for customization to fit the specific needs of the parties. This agreement is useful to an individual or business located in Maine that is seeking to sell, arrange, or exhibit works of art or to an artist seeking to have his or her works of art sold.
This document is also part of a package Essential Maine Legal Documents 143 Documents Included