Artist 60 40 Split
Ron Atwood West Shreveport Gallery7288 Greenwood Road Suite #107Shreveport, La 71119
Art Space 60% / 40% Split Agreement
THIS AGREEMENT by and between Ron Atwood West Shreveport Gallery; 7288 Greenwood Road Suite #107; Shreveport, La 71119 and Artist.
It is in agreement by both parties as follows:
Artist agrees to a 60%/40% split of sales between Ron Atwood Shreveport West Gallery and the artist. (60% to the Artist and 40% to the gallery)
1. It is expressly acknowledged that Ron Atwood Shreveport West Gallery is engaged in the business of transacting sales of art work. While Ron Atwood Shreveport West Gallery is actively promoting the gallery in efforts to increase the sales, we cannot guarantee the sales nor success of any artist. We strongly encourage the artist to use social media and technology to promote their own sales.
2. Artist represents that they are solely and individually entitled to enter into this agreement with respect to all items they will place and sell within Ron Atwood Shreveport West Gallery. Artist further represents that at the time of entering into this contract with Ron Atwood Shreveport West Gallery and at all times in the future they (the Artist) are the true and lawful owner(s) of all items they represent and transact as for sale, have obtained said items by lawful means, solely have the legal right to authorize sale of said items, and that the items are free and clear of any and all liens, mortgages, security interest, or any encumbrances. Artist further agrees to hold harmless and indemnify Ron Atwood Shreveport West Gallery, its owners, managers, agents and employees harmless and free from any liability and or responsibility by misrepresenting the above, including but not limited to all demands, claims, suits, judgments, or other liability asserted by or awarded any person or entity arising by reason of Artist’s ownership, possession and/or sale of any or all items.
3. Artist agrees that Ron Atwood Shreveport West Gallery will hold and remit 60% of the sale (after merchant fees if applicable) at the time of sale, and the remaining 40% will be kept by the gallery as part of the commission split.
4. Payments will be remitted by check on the 16th and the 1st of each month.
5. Ron Atwood Shreveport West Gallery requires that any artist displaying their work in Ron Atwood Shreveport West Gallery at a 60%/40% split must replace existing art that has not sold with new art work every sixty (60) days.
6. Ron Atwood Shreveport West Gallery will allow artist at 60%/ 40% split to display on half of a typical wall space or half of a cube space. The half of typical space will vary slightly depending on the location in the gallery.
7. Any sales transactions for items physically on display in Ron Atwood Shreveport West Gallery by Artist at the 60%/40% split must run the sale through Ron Atwood Shreveport West Gallery, this includes if the item is sold outside the gallery via Facebook, word of mouth, online, etc. This only includes the actual physical item that is on display in the gallery: originals, prints, or giclee.
8. All art must be tagged on the back with the with the proper credentials including: Artist name, Size, Price, and Medium. (ITEM ID WILL BE ASSIGNED BY GALLERY MANAGERS NOT THE ARTIST)
9. No art will be displayed in Ron Atwood Shreveport West Gallery without first being assigned an item ID and inventoried by gallery managers.
10. No art will be removed from Ron Atwood Shreveport West Gallery without first being removed from inventory by Ron Atwood Shreveport West Gallery managers.
11. Ron Atwood Shreveport West Gallery will collect any sales taxes due on the gross proceeds and remit to the Artist who is responsible for remitting to the proper taxing agency within the State of Louisiana.
12. The 60%/40% split will take place after merchant fees and any other associated costs.
13. Ron Atwood Shreveport West Gallery reserved the right to terminate this agreement at any time if the artist does not comply with the agreement.
14. Artist acknowledges that Ron Atwood Shreveport West Gallery does not insure items placed in display spaces. Artist agrees to hold harmless Ron Atwood Shreveport West Gallery of any damage and or breakage or theft. Artist is instructed and encouraged to consult his or her insurance company and obtain insurance for all items placed at Ron Atwood Shreveport West Gallery.
15. Each item totaling one hundred dollars ($100.00) or more is available for layaway. The customer is required to pay 1/3 down along with all sales tax due; 1/3 in thirty (30) days and the remaining 1/3 in sixty (60) days. Any $100 or greater layaway item qualifies including markdowns, and negotiated prices unless otherwise noted. All returned layaway items will be charged five percent (5%) of the total sale for handling and restocking.
16. Artist expressly acknowledges that they are not an employee of Ron Atwood Shreveport West Gallery. In addition, Artist agrees to hold harmless Ron Atwood Shreveport West Gallery from and all responsibility related to any harm or personal injury Artist may suffer related to any “Display Spaces” pursuits with respect to this agreement.
17. Ron’s agrees to act in good faith in seeking to sell item(s) located in the Artist’s space and will not relocate assigned space without first contacting Artist.
18. Artist must have all items cleaned, tagged and priced for sale at all time in their space.
19. Artist shall keep space clean, stocked, and orderly. If Artist neglects this responsibility then they may jeopardize their display space agreement.
20. Artist acknowledges understanding and agreeing that Ron Atwood Shreveport West Gallery and its agents, employees, and representatives are authorized to negotiate up to 10% off the indicated price on behalf of the Artist with the signed consent of the artist (X: ) with regard to the price of the items contained in artist spaces and print bins and represented as being for sale.
21. Ron Atwood Shreveport West Gallery will not take a check for a transaction unless indicated here by the artist, and Ron Atwood Shreveport West Gallery will not be responsible for any collections or problems with checks i.e. checks bouncing, etc.
22. Ron Atwood Shreveport West Gallery may change any and or all terms of this agreement by informing Artist of said change and date said change will become effective.
23. At any point upon the completion or termination of the Artist relationship the Artist agrees that if items have not sold they will pick the items up or arrange for pick up at their own own expense.
24. Ron Atwood Shreveport West Gallery request that spaces are stocked during normal open hours.
25. Any artist that agrees to a 60%/40% split option with Ron Atwood Shreveport West Gallery will not be able to change over to a monthly rental rate even if they leave and come back.
26. Ron Atwood Shreveport West Gallery strongly suggests the artist display their work in Ron Atwood Shreveport West Gallery for a minimum of six (6) months.
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Signed by Dick Jeffreys
Signed On: February 13, 2019
If you have questions about the contents of this document, you can email the document owner.
Document Name: Artist 60 40 Split
Agree & Sign