What is an artist resale royalty agreement?

An artist resale royalty agreement is a type of agreement found in Art Law that is specific to Oregon. The agreement allows an artist to receive a portion of the sale price when a work of art is resold. When the artist transfers copyright of a work of art to a purchaser, the purchaser has the right to resell the work if they choose. Under the artist’s resale royalty agreement, the artist is entitled to a portion of the reselling price. The amount the artist receives is determined by the contract level in the agreement. For example, in Oregon the artist can receive up to 10% of the sale price depending on the type of work of art. The agreement ensures that the artist will continue to receive a portion of the profits from the sale of the work of art, even after the initial sale has ended. This allows the artist to continue to generate income from the piece, even after they have transferred copyright. It also allows artists to continue to benefit from their creativity and gives them an incentive to create more works of art. The artist’s resale royalty agreement helps protect the rights of the artist while also providing them with an additional source of income. The agreement also helps to ensure that the artist is compensated for their work even when the artwork is sold without their knowledge or permission.

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What is an artist resale royalty agreement?

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