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Contract and Bill of Sale for Designs and Artwork Sold to Production...

Wayne Michigan Contract and Bill of Sale for Designs and Artwork Sold to Production Company

Name: Wayne Michigan Contract and Bill of Sale for Designs and Artwork Sold to Production Company
Brand: US Legal Forms
Rating: 4.55 (374 reviews)

Category:

Contracts - Art

State:

Multi-State

County:

Wayne

Control #:

US-00665BG

Format:

Instant download

Description

The following form transfers the rights of an artist to certain designs and artwork created by the artist and gives the transferee the right to copywrite the designs and artwork.

License Agreement with attachments between...

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FAQ

A consignment report, or consignment sheet, is a formalized agreement between artists and galleries. Consignment reports stipulate terms and conditions of sales, address how art should be cared for, and work to start defining relationships between artists and the galleries.

Under the traditional recording agreement, recording artist royalties usually range from 10% to 25% of the suggested retail price for top-line albums (although many record companies have begun to compute royalties on the wholesale price).

The average royalty rate varies from product to product. For example, the average rate for art lithographs ranges between 5% 15%, compared to 3 6.5% for wristbands. The average royalty rate is a good starting point for determining what the rate should be.

Who owns the copyright for a public artwork? The artist retains all rights under the Copyright Act of 1976 (17 USC Section 101) as the sole author of the work for the duration of the copyright. The duration of copyright in the United States is currently the life of the author, plus 70 years.

Generally, royalties will be a percentage of the net sales of the licensee's products. The percentage will vary, but it is usually 10 percent or less unless the licensee is selling posters or prints of the artwork.

To help you get started, take a look at a few basic components to include in your contract so you can better protect your art business.Client Info.Project Info and Terms.Project Timeline.Costs and Payment Terms.Itemization.Artist's Rights.Cancellation Terms.Acceptance of Agreement.

A signed statement of authenticity from the artist or an expert on the artist is ideal. An original gallery sales receipt, receipt directly from the artist, or an appraisal from an expert in the era are also good options. Unfortunately, anything can be copied or falsified, but these are generally good options.

Royalty payments are computed by multiplying the royalty rate against net sales. For example, a royalty rate of 5% multiplied by net sales of $1,000 equals a net sales royalty of $50. Royalty rates for licensing vary depending on the artwork involved.

When an artist sells physical artwork, the copyrights in the artwork do not transfer to the purchaser. The copyright owner must enter into a written agreement, specifying the rights being transferred, in order to sell a copyright.

Royalty rates vary per industry, but a good rule of thumb is between 2-3% on the low end, and 7-10% on the high end. I have licensed consumer products for as low as 3% and as high as 7%, with 5% being the most common and a generally fair number.

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Wayne Michigan Contract and Bill of Sale for Designs and Artwork Sold to Production Company

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What is an art consignment agreement?

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