Terms & Conditions

Terms & Conditions

Purchasing agreement

When purchasing at the Chicago Art Market you agree to the following agreement.

Chicago Art Market

Pandora lobo estepario productions

PURCHASE AGREEMENT PURCHASING ART WORK FROM PANDORA LOBO ESTEPARIO PRODUCTIONS, MIGUEL LOPEZ LEMUS, CHICAGO ATELIER.

WHEREAS ARTIST HAS CREATED A CERTAIN WORK OF ART (THE WORK):

WHEREAS THE PARTIES WANT THE ARTIST TO HAVE CERTAIN RIGHTS IN THE FUTURE ECONOMICS AND INTEGRITY OF THE WORK, THE PARTIES MUTUALLY AGREE AS FOLLOWS:

1. SALE: ARTIST HEREBY SELLS THE WORK TO PURCHASER AT THE AGREED VALUE.

2. REPRODUCTION RIGHTS: ARTIST RETAINS ALL COPYRIGHTS AND REPRODUCTION RIGHTS. PURCHASER OF ART WORK HAS THE RIGHT TO DISPLAY SUCH WORK. PURCHASER DOES NOT HAVE THE RIGHT TO REPRODUCE, PRINT, PUBLISH, ALTER OR DESTROY ART WORK WITHOUT THE WRITTEN CONSENT OF THE ARTIST.

3. RETRANSFER: IF PURCHASER (OR REPRESENTATIVE OF HIS/HER ESTATE) IN ANY WAY WHATSOEVER SELLS, GIVES, OR TRADES THE WORK, OR IF IT IS INHERITED FROM PURCHASER, PURCHASER (OR REPRESENTATIVE OF HIS/HER ESTATE) MUST NOTIFY THE ARTIST OF ALL CONDITIONS OF SAID ACTION(S) AND PROVIDE THE ARTIST WITH COMPLETE INFORMATION RELATING TO THE NEW OWNER, IF APPLICABLE. NEW OWNER DOES NOT HAVE REPRODUCTION, PUBLISHING OR COPYING OF ART WORK OR COPYRIGHT.

4. NON-DESTRUCTION: PURCHASER WILL NOT PERMIT ANY INTENTIONAL DESTRUCTION, DAMAGE OR MODIFICATION OF THE WORK.

5. RESTORATION: IF THE WORK IS DAMAGED, PURCHASER WILL CONSULT ARTIST BEFORE ANY RESTORATION AND MUST GIVE ARTIST FIRST OPPORTUNITY TO RESTORE IT, IF PRACTICABLE.

6. FINANCIAL EXCHANGES; THE ORIGINAL CREATOR ARTIST CREATOR, ITS STATE, INHERITORS OR AGENTS OF THE WORK OF ART SHOULD RECEIVE A 5% OF PROFIT FROM ANY FUTURE SALE, EXCHANGE OR TRADE OF HIS, HER CREATION.

7. ARTIST WILL ISSUE A CERTIFICATE OF AUTHENTICITY WITH EACH ART WORK.

ART DESCRIPTION AND ARCHIVE NUMBER: ___________________________________________________

THIS IS A LEGALLY BINDING AGREEMENT ENTERED IN THE STATE OF ILLINOIS BETWEEN THE PURCHASER AND THE ARTIST OR HIS HER AGENT.

THE ARTIST CREATOR, ITS STATE, INHERITORS OR AGENTS RETAIN THE COPYRIGHT TO SUCH WORK OF ART SHOULD RECEIVE A 5% OF PROFITS FROM ALL FUTURE FINANCIAL EXCHANGES OF SUCH WORK OF ART.

THIS AGREEMENT IS IRREVOCABLE AND TRANSFERRED WITH THE EXISTENCE OF THE WORK AND CANNOT BE ELIMINATED FROM ANY FURTHER EXCHANGES, TRANSFERS, SALES OR PURCHASES OF THE WORK.

SIGNED AND DATED.

THE PURCHASER: _________________________________________________________________________

THE ARTIST: ______________________________________________________________________________

Authenticity certificate is not valid without a copy of this agreement.