Friday, February 24, 2017

Loan Sample

Gallery Exhibition Agreement


Deborah Bright                                                                                   Exhibit Name:  Deborah Bright
Lender/Owner

                                                                                                      Exhibit Dates:  9/6/2017–10/19/2017
Washington Street                                                                                
MSUB Possession Dates:  8/26/2017–10/29/2017

Washington DC,                                                                   MSUB Location:  Building: LA   Room:  128
                                                               
59101                                                                                                       Shipping  Address:  ATTN: Lauren Baum , Northcutt Steele Gallery          
Telephone                                                                                              Department of Art, 1500 University Drive Billings, MT 59101-0245                                                      
Telephone Number 406-657-2903
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Description of Artwork (list all works to appear in the exhibition as attachment to this document):

Title of Work:  Muff Teaser  Title of Work:  Heaven

Artist’s Name: Deborah Bright            Artist’s Name: Deborah Bright
Medium:  photography                        Medium:  photography

Dimensions (inches or centimeters):                                                   Dimensions (inches or centimeters):
Height 42    Width 28     Depth _____                               Height 31_    Width 42     Depth _____

Value:  __________For Sale_____ Not for Sale      X                     Value:  ___________ For Sale_____ Not for sale    X_
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Artwork will be insured by:                                  Lender/Owner               X   Montana State University Billings

Please read the “terms and conditions” for insurance on the next page now.
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Shipping & Handling costs TO the University will be provided by:                             X Lender/Owner
                                                                                                                                                 Montana State University Billings
                                                                                                                                                  Professional Courier (name):

Shipping & Handling costs FROM the University will be provided by:                        Lender/Owner
                                                                                                                                                X Montana State University Billings
                                                                                                                                                  Professional Courier (name):
               
 ALL artwork shipped TO Montana State University Billings for Deborah Bright Being and Riding will be insured only when packed by qualified personnel, and shipped by a designated courier agreed upon by the gallery and the lender.

Upon receipt of artwork, each item will be immediately examined for any possible damage that may have occurred during transit.  Any damaged packaging will be kept and signs of poor packing will be documented to substantiate loss.

RETURN coverage applies only when artwork is packaged for shipment under the direction of University personnel trained in the proper techniques or when packed and shipped by a designated courier.






SALES:
A 25% commission will be retained by the gallery for all sales made during the duration of the exhibit.

TERMS AND CONDITIONS OF LOAN AGREEMENT AND INSURANCE COVERAGE
PROOF OF VALUE IN THE CASE OF A LOSS

Art exhibits which are non-owned and non-permanent are subject to the following valuation criteria:

            An appraisal is requested for any artwork which is valued greater than $1,000.00. Insurance will be placed in the amount specified by the lender which reflects fair market value. If the lender fails to indicate an amount, the gallery, with the implied concurrence of the lender, will set a value for the purposes of insurance for the period of the loan. Said value is not considered an appraisal.

            Artists and art collectors are expected to furnish proof of previous sales of similar works, or appraisals in order to document the value of a loss. They will be asked to furnish proof of cost for time and materials, photographs of the artwork, appraisals of remaining works, etc., to substantiate the value of their artwork at the time of loss. 

The amount secured from the gallery in accordance with this loan agreement is the sole recovery available to the lender from the gallery in the event of loss or damage.
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RETURNS: Unless agreed to in writing this loan terminates on the date specified on the face of this agreement.

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INSURANCE COVERAGE BY LENDER/OWNER:  If the lender/owner elects to maintain his/her own insurance during the period of the loan, the University shall be supplied with a certificate of insurance naming the University as an additional insured and waiving subrogation against the University.  Otherwise, this loan agreement shall constitute a release of the University from any liability in connection with the loaned property.  The University accepts no responsibility for any error or deficiency of information to the lender’s insurers or for lapses in coverage.
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COPYRIGHT:
 Unless the Gallery is notified in writing to the contrary, it is understood that this loan may be photographed and reproduced in the Gallery's publications and for publicity connected with this exhibition.

 May amateur and student photographers take pictures of this work if they agree not to use them for commercial purposes?              

Yes          X       No 
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The Terms and Conditions of this Art Loan Agreement as they appear on both sides of this document have been read by the parties, are understood by the parties, and are agreed to by the parties, as witnessed by the signatures below.

For the Lender/Owner:                                                                        Issued By:

Deborah Bright__________              8/26/2017__________            Lauren Baum_______                    8/26/2017­­­­­­­­­
Name                                                      Date                                        Lauren Baum Gallery Director       Date


This agreement shall be in force only when fully executed by both parties. 

Muff Tease, Deborah Bright, photography, 42x28






Heaven, Deborah Bright, photography, 31x42

1 comment:

  1. Looks pretty good, Lauren. TK is an editorial place-holder that suggests that information is forthcoming. You should replace this when you have actual information--in this case the address, etc.

    ReplyDelete