The art industry consistently relies on handshakes and verbal agreements, but as Judith Prowda explains, “verbal contracts only work, until they don’t.” She acknowledges that clarifying terms relating to exclusivity, payments, commissions, copyright, and shipping is meant to protect the artist and their artistic legacy throughout their career. Moreover, establishing written agreements and contracts between artists and dealers can allow both parties to clarify areas of misunderstanding and outline expectations.
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This clip is from the art law panel entitled “Legal Issues for Artists and Patrons: Arts Lawyers Address Questions of Vital Interest to Arts Professionals,” presented by the Salmagundi Club in partnership with the Clark Hulings Fund For Visual Artists.
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