THE ARTIST'SRESERVED RIGHTS TRANSFER AND SALE AGREEMENT
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 doesn't cost anything unless your work appreciates in value; most art doesn't; If he makes a profit on your work you get only a small percentage of it-about the equivalent of a waitress's tip ; If you like you can offer to take your prospective 15% payment in something other than money, or to give him a partial credit against a new work; Or you can offer to put In an original value that's more than what he's paying, giving him a free ride on part of any prospective profit . Of course, If a collector buys a work refusing to sign the contract he will have to rely on good will when he wants you or your dealer to appraise, restore or authenticate it . Why he should expect to find good will there is anybody's guess. the buyer really going to pass up your work because you ask him to . sign this contract? Work that he likes and thinks is worth Is having? If the answer is 'yes', given the fact that it doesn't cost him a thing to give you, the artist, the respect that you as the creator of the work deserve-if that will keep him from buying, he is too stubborn and foolish for anyone to tell you how to illuminate him . Nonuse of this contract is a dumb criterion for selecting art . ENFORCEMENT First, let's put this in perspective: most...