Terms of Agreement for Sale and Transfer
of a Work of Art
Terms of Agreement for Sale and Transfer of a Work of Art
Sale. The Artist hereby agrees to sell the Work to the Collector.
Title shall pass to the Collector at such time as full payment is
received by the Artist pursuant to Paragraph 4 herein.
Price. The Collector agrees to purchase the Work for the agreed upon
price of $________________, and shall also pay any applicable sales
or transfer taxes.
Payment. Payment shall be made in full upon the signing of this Agreement.
Delivery. The Artist shall arrange for delivery to the following location:
later than____________________, 20__. The expenses of delivery (including,
but not limited to, insurance and transportation) shall be paid by
Risk of Loss and Insurance. The risk of loss or damage to the Work
and the provision of any insurance to cover such loss or damage shall
be the responsibility of the Collector from the time of _____________________.
Copyright and Reproduction. The Artist reserves all reproduction rights,
including the right to claim statutory copyright, in the Work. The
Work may not be photographed, sketched, painted, or reproduced in
any manner whatsoever without the express, written consent of the
Artist. All approved reproductions shall bear the following copyright
notice: © by (Drew Kopf) (Year 20__).
Re-sale. The Artist reserves the right to limit re-sale of any Work.
No Work shall be re-sold without the express, written consent of the
9. Miscellany. This Agreement shall be binding upon the parties hereto, their heirs, successors, assigns, and personal representatives. This Agreement constitutes the entire understanding between the parties. Its terms can be modified only by an instrument in writing signed by both parties. A waiver of any breach of any of the provisions of this Agreement shall not be construed as a continuing waiver of other breaches of the same or other provisions hereof. This Agreement shall be governed by the laws of the State of New York.
___________________________________ Date: ___/ ___ / ___