Art Law: Intro to Art Deals & Contracts (Part 1)

Art Law is a term used for an interdisciplinary body of law that has only truly begun to develop in recent decades. Whether your client is an artist, gallery, creditor, private collector, donor, museum or not-for-profit organization, understanding the legal fundamentals that underlie this industry is essential to effective counseling. 

In Part One of this Three Part Series, Frankfrut Kurnit Klein & Selz attorneys Amelia Brankov and Anna Kadyshevich introduce attorneys to the basics of structuring and negotiating various art sales contracts, focusing on the relationships among the various players in the art world and the rights they acquire in the transactions they enter into. Upon completion of this course, enjoy Parts Two and Three discussing Art Intellectual Property considerations and recent Art Law developments, respectively.

Learning Objectives:  

I.     Comprehend the artist-dealer relationship

II.    Draft contracts between artists and galleries

III.   Digest statutes governing the consignment of art to dealers

IV.  Comprehend the fundamentals of art sales

V.   Construct a private sale and auction sale agreement

VI.  Identify applicable UCC law