Common use of Sale of Artwork Clause in Contracts

Sale of Artwork. If any or all of the items on loan are made available for sale, Lender warrants that it has the right to sell and/or authorize the sale of such items. The City will retain a 30% commission on all sales made as a result of the exhibition. Sales must be handled through the Lincoln Center and are subject to State and City sales tax. The Lender must have a current W-9 form on file with the City in order to receive the proceeds of any sales.

Appears in 4 contracts

Samples: Artwork Loan Agreement, Artwork Loan Agreement, Artwork Loan Agreement

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