Common use of LENDING POLICY Clause in Contracts

LENDING POLICY. Due to the many special exhibitions taking place15, museums borrow a great deal of works of art from each other. Such temporary exhibitions would be impossible without lending. The lending could be arranged on a virtual internet market, where the suppliers (the museums owning art works) offer to lend (some of) their holdings at a specific price and under specific conditions, and the demanders can choose. But it would also be possible on a smaller scale, even between two museums. Introducing prices, instead of barter, has many obvious advantages that need not be discussed further here.

Appears in 2 contracts

Sources: Working Paper, Working Paper