Robert Projansky's Argument

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THE ARTIST'SRESERVED RIGHTS TRANSFER AND SALE AGREEMENT SECOND EDITION The accompanying form is the second edition of the contract conceived by Seth Siegelaub and drafted by Robert Projansky, a New York attorney, in 1971 . It has been revised by Mr . Projansky . The original contract was well-received by artists, but distribution was limited and its legal language was rather forbidding . The version published on this poster is much shorter, easier to read and easier to use . In short, this contract will help you discover who your friends are . If a buyer wants to buy but doesn't want to sign, tell him that all your work is sold under the contract, that it's standard for your work . You can point out to the reluctant buyer : The contract…show more content…
SALE: Artist hereby sells the Work to Purchaser at the agreed value of $ 2 . RETRANSFER : If Purchaser in any way whatsoever sells, gives or trades the Work, or if it is inherited from Purchaser, or If a third party pays compensation for its destruction, Purchaser (or the representative of his estate) must within 30 days (a) Pay Artist 15% of the "gross art profit", If any, on the transfer ; and _'- :_ " 6u . d--le- a nrneorlu fill -d-eut !'TrIInafor daraomant…show more content…
Photocopy the contract form . You'll need 2 copies for each transfer . Save this original to make future copies and for reference. 2. Fill out both copies, using the checklist instructions in the margin . You may want to enter "Artist's address" as c/o your dealer . Note that the contract speaks in terms of a "sale"; the word "sell" is used for the sake of simplicity (likewise we use the word "purchaser" because it's the most all-inclusive word for this purpose). In a sense, even if you are giving or trading your work you are "selling" it for the promises in the contract plus anything else you get: . In paragraph 1 enter the price OR the value of the work . You can enter any value that you and the new owner agree upon . If he sells it later for more he will have to pay you 15% of the increase, so the higher the number you put in originally the better break the purchaser is getting. If you are giving a friend a work or exchanging with another artist (be sure to use two separate contracts for the latter situation) you might want to enter a very low value so you would get some money even if he/she resells it at a bargain price. If there are things you wish to delete or modify, cross out what you don't want and make any small changes directly on the form, making sure that both parties initial all such strikeouts and changes. If you don't have room on the form for the changes you want, add them on separate sheets entitled "Rider to Contract" and be

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