Tag: Contracts
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Contracts in the Art World: Lessons from the Courts
The art world thrives on trust. Dealers, artists and collectors often work together in relationships built on mutual understanding, and in that context, it seems that it is not uncommon for there to be no written record of what has been agreed. As we noted in a previous article on contracts in the art world,…
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Contracts in the Art World: Should they be in writing?
In an earlier article on basic concepts of contract law, we noted that contracts don’t need to be in writing to be binding. It is our experience that many deals between artists, galleries, dealers and collectors go undocumented. There are all sorts of reasons for this, but some see setting out a contract in writing…
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Contracts in the Art World: Basic Concepts
In the art world, contracts are more than just legal formalities—they are crucial tools for protecting the rights, interests, and creative outputs of all parties involved. This is the first in a series of articles discussing contracts in the art world which will cover both the scope and role of contracts in this context, as…
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Contracting out of/over/and alongside the Resale Rights for Visual Artists Act
This article is part of an ongoing series on the Resale Rights for Visual Artists Act 2023. One notable feature of the Act is that it is drafted to make it easy for art market participants involved in transactions not captured by the Act to voluntarily opt into the royalty scheme it creates if they…
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Resale Rights for Visual Artists Act 2023 in New Zealand: An Introduction for Artists, Collectors, and Institutions
The Resale Rights for Visual Artists Act 2023 in New Zealand mandates royalty payments to artists or their estate on secondary art sales from December 2024. This alters the traditional art market model, potentially providing artists with ongoing income from resales. The act also impacts art market professionals, collectors, compliance costs, and promotes Māori and…
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