Document background
The Consignment Contract For Artists is a crucial legal document used in the Australian art market to establish a formal consignment relationship between artists and art galleries or dealers. This agreement is essential when an artist wishes to place their artwork with a gallery for sale while retaining ownership until the point of sale. It addresses the specific requirements of Australian law, including compliance with the Australian Consumer Law, Resale Royalty Right for Visual Artists Act, and relevant state-specific regulations. The document typically includes detailed provisions for artwork pricing, commission rates, payment terms, insurance requirements, and handling procedures. It's particularly important for protecting both parties' interests in the Australian art market context, where consignment arrangements are a common business model for art sales.
