How does a gallery consignment agreement work?

A gallery consignment agreement is a contract between the owner of an artwork (the consignor) and a gallery that will display, advertise, and potentially sell the artwork. In South Dakota, the agreement must be in writing and signed by both the owner of the artwork and the gallery. The agreement should generally cover the following points: - The agreement should describe what type of artwork is being consigned by the owner, such as a painting, sculpture, or other item. - The agreement should specify the duration of the agreement, how long the artwork will be displayed in the gallery, and when any payments will be made. - The agreement should also detail who will pay for the transportation of the artwork, any taxes involved, and who will be responsible for insurance while the artwork is in the gallery’s possession. - The agreement should clarify the gallery’s obligation to display, advertise, and promote the artwork. - The agreement should specify the commission the gallery will be entitled to for any sales of the artwork. - If the consignor plans to give a discount for the artwork, this should be included in the agreement. - The agreement should include a clause to cover what will happen to any unsold artwork at the end of the duration. Overall, the gallery consignment agreement should clearly outline the rights of the owner and gallery in order to avoid any unnecessary disputes or misunderstandings.

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