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Illinois Agreement to Sell Works of Art

This document is part of the Package "Essential Illinois Legal Documents" | 80 docs included
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Illinois Agreement to Sell Works of Art
Agreement To Sell Works Of Art









This Agreement to Sell Works of Art is intended to be used if you wish to sell work of art

of an artist or vice-versa. This agreement provides an artist to appoint people to sell

his/her art on commission basis for a specific period of time. This document is intended

to ensure that financials of each party are kept clear.









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Entire document © Docstoc, Inc., 2010, 2011







Attorney Drafted

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 art work

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, the Buyer

covenants that the art work 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 the

Artist. The Buyer shall provide the Artist with all relevant information about his insurance

coverage for the art work if the 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 I

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]

Note: Carefully read and follow the Instructions and Comments contained in this document for

your customization to suit your specific circumstances and requirements. You will want to delete

the Instructions and Comments from open bracket (“[“) to close bracket (“]”) after reading and

following them. You (or your attorney) may want to make additional modifications to meet your

specific needs and the laws of your state



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your state, and be reasonable.



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