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...
Category - Corporate Law
Stories about business law and contracts
Every business needs a contract at one time or another. They are everywhere. Whether you are a struggling artist, world-renowned photographer, or a gallery owner, you will be inundated with contracts from art dealers, agents, exhibitors, publishers, ad agencies, museums as well as non-art industry members like landlords and contractors. If a contract is supposed to make sure that both parties...
Artists and collectors can minimize estate taxes on artworks by employing a planning strategy and understanding the complexities involved with assessing the work's fair market value.
What things should artists be negotiating as part of licensing or gallery contracts? We take a look at some of the most important along with a review of several standard provisions.
Don't be at a disadvantage when negotiating against an experienced opposing party. Here a few things to consider to even the playing field.
Artists and lawyers don’t usually get to work together. But the perfect opportunity arises when you want to take an art business to the next level.
A photography contract that doesn't consider art licensing rights and work made for hire agreements can have a significant impact on a photographer's business. Here are the common pitfalls photographers need to avoid.
While the end result of an art consignment relationship is mutually beneficial to both parties, it is imperative that an artist and gallery each formalize their art consignment agreement in writing.
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...
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.
The reduction of H1B visa recipients may mean more companies will likely hire foreign independent contractors. We discuss tax and other financial considerations creative businesses need to make.
Trump's H1B visa shakedown means you may need to hire a foreign creative as an independent contractor. Here's how to avoid any legal issues.