What is a consignment agreement?

A consignment agreement is a contract between an artist and a gallery that outlines the terms and responsibilities of both parties. The artist agrees to allow the gallery to display and sell the artwork, and the gallery agrees to promote the artwork and pay the artist a portion of the sale price. In Kansas, consignment agreements should be in writing to ensure that both the artist and gallery understand their roles and responsibilities. The agreement should include the artist’s name, the gallery’s name, the term of the agreement, the artwork to be displayed, the percentage of the sale price that the artist will receive, and the method of payment for the artwork. The agreement should also include any deadlines for payment, as well as a clause for termination of the agreement. It is important for the artist and the gallery to understand their respective rights and responsibilities under a consignment agreement. For example, the artist is usually still the legal owner of the artwork until it is sold, and should have the right to dictate how their artwork is displayed, as well as the right to withdraw any artwork from the gallery. The gallery should have the right to reject any artwork it deems unsuitable for sale, and should be responsible for marketing the artwork and ensuring payment for the artist.

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What is a consignment agreement?

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