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The Art I St'S-Reserved Rights Transfer and Sale Agreement: Secondedition
The Art I St'S-Reserved Rights Transfer and Sale Agreement: Secondedition
The Art I St'S-Reserved Rights Transfer and Sale Agreement: Secondedition
R I GHTS
TRANSFER
AND SALE
AGREEMENT
SECOND ED I T I ON
The accompany i ng f orm i s t he second ed i t i on o f t he con t rac t conce i ved by Se t h S i ege l aub and dra f t ed by Robe r t Pro j ansky , a
New Yor k a t torney , i n 1971 . I t has been rev i sed by Mr . Pro j ansky .
The or i g i na l con t rac t was we l l - rece i ved by ar t i sts , bu t d i s t r i but i on was l i m i t ed and i ts l ega l l anguage was ra t he r f orb i dd i ng .
The ve rs i on pub l i shed on th i s pos t e r i s much shor t er , eas i e r to r ead and eas i e r to use .
P l ease POST , REPRODUCE and USE th i s pos t er f ree l y . The pos t er i s not to be
so l d . The cos t of the produc t i on , pr i nt i ng , and d i st r i but i on of th i s documen t
has been underwr i t t en by Assoc i a t ed Counc i l s of the Ar ts , 1564 Broadway , NY ,
NY 10036 . I f you use th i s cont rac t p l ease l et us know . Address a l l subs t ant i ve quer i es to Ar t i sts ' R i ght s Assoc i a t i on , 27 Wes t 15th St . , NY , NY 10011 ,
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AGREEMENT OF OR I G I NAL TRANSFER OF WORK OF ART
f i l l in names ,
addresses of
par t i es
Ar t i s t : -
add r ess
Pur chase r : :
addr ess :
f i l l in
agr eed va l ue
T i t l e:
d i mens i ons ;
med i a:
yea r : :
. and
WHEREAS t he par t i es wan t t he Ar t i s t t o have cer t a i n r i gh t s i n t he fu ture econom i cs and i nt egr i t y o f t he Wor k ,
The par t i es mu t ua l l y agr ee as f o l l ows:
1 . SALE: Ar t i s t he r eby se l l s t he Wo r k to Pur chase r a t t he agr eed va l ue o f $
2 . RETRANSFER : I f Pur chase r i n any way wha t soeve r se l l s , g i ves or t r ades t he Wor k , or i f i t is i nher i t ed f rom
Pur chase r , or I f a th i rd pa r t y pays compensa t i on for i ts des t ruc t i on , Pur chase r (or t he represen t a t i ve of h i s es t a t e )
mus t w i th i n 30 days
t prof i t " , I f any , on t he t rans f er ; and
(a) Pay Ar t i s t 15% o f t he " gross ar
_' - :_
" 6u . d - - l e - a n rneo r l u f i l l -d - eu t ! ' Tr I Ina for da r aoman t su i d . BYCA[d "
" ha l f of any renta l i ncome pa i d for the work , i f there eve r is any ;
" a l l reproduc t i on r i ghts .
The econom i c bene f i t s wou l d l ast for t he ar t i st ' s l i fet i me , p l us t he l i fe of a surv i v i ng spouse , p l us 21 years , so as to bene f i t the ar t ist 's ch i l dren wh i l e they a re grow i ng up . The aes the t i c cont ro l s wou l d l ast for t he ar t i st ' s l i fe t i me .
Ju l y 1975
par t i es
f i l l In da t a
Ident i fy ing the
Wor k
f i l l In
agreed va l ue
address :
WHEREAS Ar t i st has crea t ed tha t cer t a i n Wor k of Ar t ( " the Work " ) :
Purchase r :
Ti t l e:
d i mens i ons*_
med i a:
yea r :
and
WHEREAS t he par t i es wan t the Ar t i st to have cer t a i n r i ghts in the future econom i cs and Integr i ty of t he Wor k ,
The par t i es mutua l l y agree as fo l l ows:
1 . SALE : Ar t i st he reby se l l s t he Wor k to Purchase r at the agreed va l ue of $
2 . RETRANSFER : I f Purchase r In any way wha t soeve r se l l s , g i ves or t rades t he Wor k , or i f It is i nher i t ed f rom
Purchaser , or i f a th i rd par t y pays compensa t i on for I ts des t ruc t i on , Purchase r (or t he represent a t i ve of h i s es t a t e)
mus t w i th i n 30 days
(a) Pay Ar t i st 15% of t he " gross ar t prof i t " , i f any , on the t rans f er ; and
(b) Ge t t he hew owne r to rat i fy th i s cont rac t by s i gn i ng a proper l y f i l l ed-out " Trans f er Agr eemen t and Record "
(TAR) ; and
(c) De l i ver t he s i gned TAR to the Ar t i st .
(d) " Gross ar t prof i t " for th i s cont rac t means on l y: " Agr eed va l ue " on a TAR l ess the " agr eed va l ue " on the l ast
pr i or TAR , or ( i f there hasn ' t been a pr i or resa l e) l ess the agreed va l ue in Pa r agr aph 1 of th i s bont rac t .
(e) " Agr eed va l ue " to be f i l l ed In on each TAR sha l l be the ac tua l sa l e pr i ce i f the Wor k is so l d for money or t ho
fa i r ma rke t va l ue a t the t i me i f t rans f er red any o ther way.
3. NON - DEL I VERY : I f the TAR i sn' t de l i vered In 30 days , Ar t i st may compu t e " gross ar t prof i t " and Ar t i st ' s 15% as i f i t
had , us i ng the fa i r ma rke t va l ue at the t i me of the t rans f er or a t the t i me Ar t i st d i scovers t he t rans f er .
4. NOT I CE OF EXH I B I T I ON : Be f ore comm i t t i ng t he Wor k to a show , Purchase r mus t g i ve Ar t i st not i ce of i ntent to do
so , te l l i ng Ar t i st a l l t he de t a i l s of the show tha t Purchase r t hen knows.
5 . PROVENANCE ; Upon reques t Ar t i st wi l l furn i sh Purchase r and h i s successors a wr i t t enh i s tory and provenance of
the Wor k , based on TAR ' s and Ar t i st ' s bes t Informa t i on as to shows .
6 . ART I STS EXH I B I T I ON : Ar t i st may show t he Wor k for up to 6,0 days once eve ry 5 years at a non-prof i t i nst i tut i on at
no expense to Purchaser , upon wr i t t en not i ce no l ater t han 120 days be fore open i ng and upon sa t i s f ac tory proo f of insurance and prepa i d t ranspor t a t i on .
7 . NON - DESTRUCT I ON : Purchase r wi l l no t perm i t any i nt ent i ona l des t ruc t i on , damage or mod i f i ca t i on of the Wor k.
8 . RESTORAT I ON : I f t he Wor k is damaged , Pur chase r wi l l consu l t Ar t i st be fore any res tora t i on and mus t g i ve Ar t i st
f i rst oppor tun i t y to res tore i t , i f prac t i cab l e .
9. RENTS: I f the Wor k is rent ed , Pur chase r mus t pay Ar t i st 50% of the rent s w i th i n 30 days of rece i pt .
10 . REPRODUCT I ON : Ar t i st reserves a l l r i ghts to r eproduce the Wor k.
11 . NOT I CE: A Not i ce , In the f orm be l ow , mus t be pe rmanen t l y a f f i xed to t he Wor k , wa rn i ng tha t ownersh i p , e t c . , are
sub j ec t to th i s cont rac t . I f , howeve r , a documen t represent s t he Wor k or i s par t of t he Wor k , the Not i ce mus t i ns t ead
be a pe rmanen t par t of tha t documen t ..
12 . TRANSFEREES BOUND : I f anyone becomes the owne r of t he Wor k w i th not i ce o f t t i ts cont rac t , tha t p6r i on sha l l
be bound to al l i ts t e rms as i f he had s i gned a TAR when he acqu l red . the Wor k .
13 . EXP I RAT I ON : Th i s con t rac t b i nds t he par t i es , the i r he i rs and a l l the i r successors In i nterest , and a l l Purchaser ' s
ob l i ga t i ons a re a t t ached to the Wor k and go w i th owne rsh i p of the Wor k , al l for the l i fe of t he Ar t i st and Ar t i st ' s sur v i v i ng spouse p l us 21 years , excep t the ob l i ga t i ons of Pa ragraphs 4, 6 and 8 sha l l l ast on l y for Ar t i st ' s l i fe t i me .
14. ATTORNEYS ' FEES : In any proceed i ng to en force any par t of th i s cont rac t , the aggr i eved par t y sha l l be ent i t l ed to
reasonab l e a t torneys ' f ees in add i t i on to any ava i l ab l e r emedy .
f i l l in da t e
both s i gn
Da t e :
Ar t i st
Purchase r
TRANSFER AGREEMENT AND RECORD
f i l l in da t a
Ident i fy ing
the Wor k
fill
in da t e
f i l l In names ,
addresses of
par t i es
do not F I LL
in anyth i ng
be tween
these l ines
f i l l in da t e
f i l l in names
of par t i es
and Ar t ist 's
address on
both
Not i ces
d i mens i ons :
Ti t l e :
yea r :
Owne rsh i p of t he above Wor k of Ar t has been t rans f er red be t ween the unde rs i gned persons , and the new owne r
be t ween :
he reby express l y rat i f i es, assumes and agrees to be bound by the t e rms of the Con t rac t da t ed
med i a :
Ar t i st :
address :
Purchase r :
address :
and
address :
New owne r :
address :
Da t e of th i s t rans f er :
and
I
t
1
I
I
I
I
I
I
t
cut out , __
a f f i x_to.,Wor
. -k - - - ___ . . . - - - NOT I CE
I
Ownersh i p , t rans f er , exh i b i t i on ar fd reproduc t i on of th i s I
Wor k of Ar t are sub j ec t to a cer t a i n Con t rac t
1
be t ween :
da t ed
1
I
Ar t i st :
and
Address :
Purchase r :
1
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I
- - - - - - - - - - . - - - - - - - - - - - - - - - 1.
Ar t i st has a
Copy .