Loan Of Artwork Agreement

If you lend your artworks abroad, make sure they are protected by a similar clause. In this way, it cannot be referred to any confusion as to its authenticity, its owner or other concerns. The loan agreement is your contract that qualifies you as the owner of the art and defines the details of the loan. Here you can sketch the dates on which you are ready for the loan of work, the place (i.e. the borrower), the title (s) and, if necessary, the specific exposure. You also want the latest valuation values and conditioning reports in the credit contract. This ensures that you will be compensated in case of damage or theft. If you have display requirements, make sure they are also in ink. Loan insurance, usually provided by the museum, is also described in the loan agreement.

Save this agreement with all valuation value documents and status reports with your (s) part (s) in your Archive article account so they don`t get lost. Form, agreement, short, loan, equipment, short equipment loan contract As agreed above, all shipping damage must be covered in your insurance policy. However, a status report of each piece is a must before one of your artworks is in transit. This way, you will be protected from further damage. Although this means that you will be compensated for all accidents, we have advice on how to completely avoid this situation. Also be warned that UPS and FedEx insurance policies explicitly exclude small prints of art. Even if you buy insurance about them, it won`t cover the visual arts. It is your responsibility and prerogative to describe specific requirements and requirements in the loan agreement. For example, if your name is to be displayed with the room or where you want to see it at the museum. While contracts can be laborious, you work with attention to detail when you compose your credit contract.

We advise you to start with a wish list and fears, and then consult your insurance agent or estate planning lawyer to help you confirm that they are all covered in the loan agreement, as well as the points in that contribution. 5 The party that makes the transport of the work of art to the exhibition or exhibition must provide adequate insurance coverage, as shown here. (3) If the lender chooses to maintain its own insurance, the lender`s insurance is paramount. The lender agrees to request in writing, prior to issuance, a waiver of the transfer of its insurer to the institution. If the lender does not request the waiver of the assignment, the contract is an exemption from the institution`s liability in relation to the loan. (4) The work remains the property of the institution in the exhibition for which it was loaned for the time provided by this agreement, but may be removed from the exhibition at any time by the institution. Work is only returned to the lender at the address indicated in this contract, unless the institution is informed in writing. If the legal ownership of the loan is changed over the life of the loan, the new owner may be required, prior to restitution, to establish a right to obtain the loan by satisfactory evidence for the establishment. 8 10.

Each party can terminate this contract by communicating 30 calendar days in writing to the other party. 2 Yes No Describe the state of work and indicate the defects: Do you want to carry your own insurance? (Please note the conditions printed on the back.) Yes No You provide: a black and white 8×10 photo a 4×5 color transparency If you do not have exclusive rights, identify the current holder: Photographer Credit: Lender Special Instructions: I read and I agree to the Loan art arrangement printed on the back, and confirms that I authorize the owner or agent of the owner to accept. I understand that by signing this agreement, I agree to be bound by all the provisions set out in it.