Common use of DISPLAY OF ARTWORK Clause in Contracts

DISPLAY OF ARTWORK. A. The City shall have the right to remove the Artwork from display for any reason. In addition, the City may relocate the Artwork at any time, provided that the City shall confer with the Artist on any relocation and will consider any reasonable proposal by the Artist to relocate the Artwork and permit the Artist to provide artistic supervision of such relocation. The Artist may require City to remove any attribution to Artist from the Artwork if any the City relocates less than the entire Artwork without Artist’s prior written approval. If the City elects to remove the Artwork or relocate less than the entire Artwork, the City will consider any proposal thereupon presented by the Artist for such relocation or Artist’s proposal to buy back or provide other method of disposition of the Artwork that is not relocated. The City agrees that upon notice to the Artist, the Artist shall have the right of first refusal on the sale of the Artwork or any portion thereof at fair market value, as determined by a mutually selected, independent third-party appraiser. The Artist must exercise its right of first refusal to buy back the Artwork by giving the City notice of its election within thirty (30) days after the City has given written notice to the Artist. The Artist’s failure to timely give such notice shall constitute a waiver of the Artist’s right of first refusal.

DISPLAY OF ARTWORK. A. The While it is the intent of the City to use commercially reasonable efforts to maintain the Artwork for is intended lifespan, the Parties acknowledge that the life expectancy for the Artwork is anticipated to be 3 years. Notwithstanding, the City shall have the right to remove the Artwork from display for any reason. In addition, the City may relocate the Artwork at any time, provided that the City shall confer with the Artist on any relocation and will consider any reasonable proposal by the Artist to relocate the Artwork and permit the Artist to provide artistic supervision of such relocation. The Artist may require City to remove any attribution to Artist from the Artwork if any the City relocates less than the entire Artwork without Artist’s prior written approval. If the City elects to remove the Artwork or relocate less than the entire Artwork, the City will consider any proposal thereupon presented by the Artist for such relocation or Artist’s proposal to buy back or provide other method of disposition of the Artwork that is not relocated. The City agrees that upon notice to the Artist, the Artist shall have the right of first refusal on the sale of the Artwork or any portion thereof at fair market value, as determined by a mutually selected, independent third-party appraiser. The Artist must exercise its right of first refusal to buy back the Artwork by giving the City notice of its election within thirty (30) days after the City has given written notice to the Artist. The Artist’s failure to timely give such notice shall constitute a waiver of the Artist’s right of first refusal.