Category - Corporate Law

Stories about business law and contracts

Artists
Corporate Law

Four Reasons Artists Should Hire Lawyers

Artists and lawyers don’t have a ton of opportunities to work together, but when it comes to taking your art business to the next level, you’re going to want a lawyer in tow. Once you’re working as a successful artist, and your name is becoming more and more prolific, there are going to be plenty of roadblocks – and the potential for pitfalls – along the way. From not...

Contracts
Corporate Law

Tips Before Signing an International Art Contract

Most art galleries participate in art fairs throughout the year. Many of those fairs are international, such as Art Basel Switzerland or the Hong International Art Fair. International art fairs are an excellent way to position your gallery in front of an international audience and capture a new clientele. They are also an incredibly costly endeavor, considering exhibition costs, shipping...

fine art insurance
Corporate Law

Do I Need a Fine Art Insurance Policy?

Since most common insurance policies specifically exclude artwork, fine art collectors must consider purchasing a fine art insurance policy to protect their treasured works. Art Law Journal breaks down how these unique policies work.

Art Dealers
Corporate Law

How Art Dealers Can Avoid Tax Fraud Allegations

The capital of the global art market, artwork sales in New York often impose hefty taxes on the purchaser – unless one of the several clever loopholes are employed. Amid allegations that several prominent galleries and collectors were employing tax evasion schemes that weren’t entirely up to snuff, New York Attorney General Eric Schneiderman announced he would initiate investigations concerning...

Insurance
Corporate Law

The Basics of Insurance for Artists

There are many legal aspects of running an art-related business that could be fairly characterized as less than interesting, but few topics inspire more blank stares, or glazed-over eyes, faster than insurance. Like a lot of legal topics, thinking about insurance requires that we think about negative outcomes – what happens when things go awry – and so it’s natural to want to avoid the topic. But...