Document background
The Consignment Contract For Artists is a crucial legal instrument in the Indian art market that facilitates the professional relationship between artists and art market intermediaries. This document is essential when artists wish to place their works with galleries, dealers, or exhibition spaces without immediately transferring ownership. It becomes particularly relevant in situations where artists need to maintain title to their work while allowing another party to display and sell it. The agreement, governed by Indian law, typically includes detailed provisions about artwork handling, commission structures, insurance requirements, and sales procedures. It ensures compliance with relevant Indian legislation including The Copyright Act, 1957, and The Indian Contract Act, 1872, while protecting both the artist's creative rights and the consignee's commercial interests. This type of contract is commonly used for both temporary exhibitions and ongoing sales arrangements in the Indian art market.
