Common use of Consignment of Inventory Clause in Contracts

Consignment of Inventory. Artist consigns to Gallery, and Gallery accepts on consignment, all artwork listed in Schedule A (Inventory of Consigned Artwork), for the full term of this Agreement. All modifications or additions to Schedule A shall be in writing, signed by both parties, and attached to this Agreement. Artists shall be limited to two (2) pieces of hanging artwork (not to exceed 48” by 48”) AND/OR six (6) prints (for print bins), OR six (6) three-dimensional/ shelf pieces of artwork, OR twelve (12) pieces of jewelry, OR (12) books, OR (12) notecards (single or boxed) on consignment at any time during the term of this Agreement. Hanging pieces shall be ‘ready to hang’ upon delivery (i.e., pieces must have a wire hanger attached. No other type of hanging system will be accepted). Artist agrees to replace any piece(s) sold during the term of this Agreement; thereby maintaining a consigned inventory as specified above throughout the term of this Agreement. Accepted three-dimensional/ shelf pieces of artwork will be accepted at the discretion of the Gallery. Gallery will not accept artwork ‘not for sale’ or ‘previously sold’ under this Agreement, unless artist’s sole body of work can only be accomplished through direct interaction of the artist and patron (i.e., portraits).

Consignment of Inventory. Artist consigns to Gallery, and Gallery accepts on consignment, all artwork listed in Schedule A (Inventory of Consigned Artwork), for the full term of this Agreement. All modifications or additions to Schedule A shall be in writing, signed by both parties, and attached to this Agreement. Artists shall be limited to two (2) pieces of hanging artwork (not to exceed 48” by 48”) AND/OR six (6) prints (for print bins), OR six (6) three-dimensional/ shelf pieces of artwork, OR twelve (12) pieces of jewelry, OR (12) books, OR (12) notecards (single or boxed) on consignment at any time during the term of this Agreement. Hanging pieces shall be ‘ready to hang’ upon delivery (i.e., pieces must have a wire hanger attached. No other type of hanging system will be accepted). Artist agrees to replace any piece(s) sold during the term of this Agreement; thereby maintaining a consigned inventory as specified above throughout the term of this Agreement. Accepted three-dimensional/ shelf pieces of artwork will be accepted at the discretion of the Gallery. Gallery will not accept artwork ‘not for sale’ or ‘previously sold’ under this Agreement, unless artist’s sole body of work can only be accomplished through direct interaction of the artist and patron (i.e., portraits). Artist and Gallery agree that referrals to Artist which result in a future sale of a commissioned or non- commissioned piece shall be handled through the Gallery (i.e., Gallery shall make contact between Artist and patron, actual sale of piece shall be made through the Gallery, and standard Gallery commission shall apply). Artist shall not exhibit or sell any artwork specifically consigned to Gallery as listed in Schedule A at any other location for the full term of this Agreement. Artist and Gallery specifically agree that Artist shall be free to exhibit and sell any artwork not consigned to Gallery or otherwise included under this paragraph.