This is where the lender and borrower come together to verify a specific desire. The main areas of discussion are often the nature of the work and the costs involved. Not all requests are accepted and successful requests often involve some degree of negotiation. The resulting loan agreement is the document that describes the agreed terms of the loan. 8 10. Either party may terminate this Agreement with 30 calendar days` notice to the other party. In most cases, only the exposure format of the media element is borrowed (for example. B a DVD). This is done from a master who is retained by the lender. It is important to be clear about whether the owner is providing a new exhibition format or has an agreement with the artist`s gallery to monitor this.

It is useful to stipulate in the loan conditions that an additional copy of the material in exhibition format must be made available as part of the loan or that the borrower has express permission to make one. It is also important to understand what the procedure is to make new copies if necessary during the exhibition. In most cases, the borrower bears the transportation, installation and maintenance costs associated with the loan. However, some costs may be associated with preparing the artwork for the loan. For example, conservation costs, maintenance costs associated with the equipment to be loaned, or costs of producing new exhibit-sized material may be incurred. The lender will identify these costs and negotiate with the borrower a contribution to these costs as a loan condition or agree to cover them itself. 7 The Lender agrees not to take any action during the term of this Agreement to limit or interfere with this guarantee unless it receives the prior written consent of the Institution. 8. This Agreement shall be governed by the laws of the State of Nevada, which shall also have jurisdiction over all disputes arising out of this Agreement. This Agreement may not be assigned in advance by either party without the express written consent of the other party. 9. This Agreement and the Annexes referred to in this Agreement may constitute the entire agreement between the Parties with respect to the subject matter of this Agreement and may be amended at any time only by mutual written agreement of the Parties.

Any communication to either party must be sent to the parties at the above addresses by registered or registered mail, acknowledgment of receipt requested or night postal service with proof of delivery. The categories listed below provide an indication of the expected costs to be considered. The purpose of this section is to determine the actual cost of the loan to both the borrower and the lender. A sample template is provided as an Excel download. 5 The party arranging for the transportation of the artwork to or from the exhibition shall provide adequate insurance coverage as specified herein. 3. If the lender decides to maintain its own insurance, the lender`s insurance is primary. The lender undertakes to ask his insurer in writing for a waiver of the subrogation in favour of the institution before the investment. If the lender does not request the waiver of subrogation, the contract constitutes an exemption of the institution from any liability related to the loan.

4. The work remains in the possession of the institution in the exhibition for which it was borrowed during the period specified in this Agreement, but may be removed from the exhibition by the institution at any time. The work will only be returned to the lender at the address specified in this Agreement, unless the institution is notified in writing. If the legal ownership of the loan changes during the term of the loan, the new owner may be required, prior to his return, to establish the legal right to receive the loan by providing satisfactory proof to the institution. 2 Yes No Describe the working conditions and indicate any defects: Do you want to take out your own insurance? (Please note the conditions printed on the back.) Yes No Will you deliver: a black and white photo 8×10 a 4×5 color transparency If you do not have an exclusive copyright, identify the current owner: Photographer credit: Lender Special instructions: I have read and accept the attached terms and conditions for the art credit agreement on the back and confirm that I am the owner or representative of the owner who is entitled to: to accept that. I understand that by signing this Agreement, I agree to be bound by all the provisions set forth herein. Lender`s signature: Name and title of lender: Date: Borrower`s signature for institution: Name and title of institution: Date: Please sign, date and return the completed loan agreement to the institution. A description of the specific and ephemeral elements necessary to maintain the integrity of the work. Decisions about what constitutes integrity are based on information gathered by the artist and other sources that relate to the essential nature of the work of art and its components. A few points to note: An institution report describes an institution`s facilities, climate, security, staffing, insurance, and credit history. Examples of standard installation reports can be found on the websites of the registrar groups listed in the External Resources section.

. . .