Fill and Sign the Agreement to Loan Work of Art to Museum Form

Agreement to Loan Work of Art to Museum Agreement between ___________________________ (Name of museum) , of ______________________________ (street address, city, county, state, zip code) , (the Museum ), acknowledges receipt of the following art object (the Object ) as a loan from ____________________ o f (street address, city, county, state, zip code) (the Owner ):  Description of Object: (describe) .  Owner's Valuation: $______.  Restrictions: (list any restrictions) .  Miscellaneous : (e.g., explanation of: (1) whether the Owner is offering to sell or make a gift of the Object to the Museum; (2) the price if there is an offer of sale; (3) whether the Museum is to be obligated to insure; (4) whether there is to be any restriction on photographing and reproducing the Object; and (5) whether the Museum is to clean or repair the Object, and the charge) . Owner has lent the Object to the Museum and the Museum has accepted the Object on loan subject to the following terms and conditions: I. Purpose of Loan The loan has been made in order to enable the Museum to exhibit the Object at a special exhibition of (description of exhibition) to be held at the premises of the Museum from ___________( date) to ____________ ( date) . The acceptance of the Object on loan shall not obligate the Museum to exhibit the Object if it elects not to do so. II. Use and Return of Object A. If the Museum elects not to exhibit the Object, it shall notify the Owner to that effect within ___ weeks after the opening of the exhibition; and the Owner shall withdraw the Object at his expense from the Museum within ____ weeks after receipt of the notice. B. If the Object is exhibited, it shall be available for withdrawal by the Owner ____ week(s) after the close of the exhibition. If he so requests, the Museum shall return the Object to him at its expense. C. If the Object is offered to the Museum for sale or as a gift, and if it is declined, it shall be available for removal by the Owner immediately on the sending of the notice of declination if the Object is not exhibited, or _____ weeks after the close of the exhibition if it is exhibited. D. If the Object is not exhibited and is not removed from the premises of the Museum within ____ days after the Museum notifies the Owner that it is available for withdrawal, the Museum shall have the right and option to return it to the Owner, collect, or to sell it. In the case of a sale, the Museum shall be under no liability or obligation whatever to the Owner except for the proceeds of the sale, if any, without interest, and less any out-of-pocket expenses incurred by the Museum. E. The description given above under the item entitled "Description of Object" has been supplied by the Owner. It has not been verified by the Museum, and shall not be taken as an expression of opinion by it. F. The Museum shall not be responsible for the preservation and safekeeping of the Object beyond the taking of such precautions as it ordinarily exercises in the preservation and safekeeping of its own property. It shall insure the Object only if the Owner expressly so requests. In that case insurance shall be effected under the Museum's blanket policy at the Owner's valuation above stated; and the insurance shall cover only those risks against which the Museum insures its own property under the policy. In the event of loss or damage, the Owner's recovery, if any, shall be limited to such amount as may be paid by the insurer; and the Museum, its officers, agents, and employees shall not be liable for any claims arising out of such loss or damage. G. Unless the permission to do so has been specifically denied in writing under the item "Restrictions" above, the Museum shall have the right to examine the Object by radiographic or other photographic means, and to photograph or otherwise reproduce it in any medium for purposes of record, education, publicity, or sale by the Museum under the same rules and regulations as those now or later pertaining to objects in the Museum's own collections. H. If the Object is offered for sale, and the Museum accepts the offer, the Owner shall furnish the Museum with a bill of sale and an affidavit of title in such form as the Museum may require prior to the payment of any part of the purchase price. If the Owner fails to furnish the same, the Museum may at its option cancel its acceptance of the offer. I. If the Object is offered for sale or as a gift and is covered by statutory copyright, the Owner shall furnish the Museum with an assignment of the copyright in such form as the Museum may require, in the case of a sale, prior to the payment by the Museum of any part of the purchase price, and in the case of a gift, prior to delivery. If the Owner fails to furnish the assignment of copyright, the Museum may at its option cancel its acceptance of the offer. J. The Museum maintains facilities for the cleaning, restoration, and repair of its own works of art. Private work may be accepted only by special permission of the Director. Charges for services rendered shall be fixed in advance, and shall be paid to the Museum. The Museum, its agents, officers, and employees shall not be liable for any loss of value or damage due to or resulting from any cleaning, restoration, or repair. WITNESS our signatures as of the day and date first above stated. ( NAME OF MUSEUM) ________________________ By___________________________ (Name of Owner) (Name & Office in Museum)