Loan Agreement Artwork

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. Lenders` signature: Lender`s name and title: Date: Borrower`s signature for institution: name and title by institution: Date: Date: please sign, date and return the loan contract to the institution. In addition to your personal artistic insurance, the museum should also offer a special insurance plan. This should be door-to-door, also known as “wall-to-wall” coverage. This means that the artwork is covered for all restorations or the last assessment value from the moment it leaves your home to the time it is safely back in your home. As mentioned 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. 6 Lenders may decide to return the loan at the lenders` expense, including insurance, at the time of the loan termination, by informing the institution in writing 15 days prior to the termination of the contract.

5. Except in an emergency to obtain the artwork, the artwork will not be cleaned, restored or modified without the lender`s written consent, unless the lender is notified by telephone and in writing in case of emergency. (6) When the plant is for sale and sold for the duration of the loan, the lender pays 15 per cent (15%) sale price to the institution. 7. If the Lender states above, Lender guarantees that it has all the rights, ownership and ownership of the work of art and that the work of art does not fall under any property, pledge, charge, copyright infringement or any other claim of another person or institution. Loaning your art to a museum is usually free. If your art collection is larger than you can display it, lending your artworks is an option before equipping a home storage room or paying for a monthly storage unit.

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