Just my two cents after looking at the example agreements provided:

1. There should be a statement by the lender (whether it’s the artist or another owner) that the lender has ownership and/or authority to participate in this loan.

2. Liability waivers should include a waiver for claims by third parties regarding ownership and also intellectual property claims (ie. the City is infringing on a third party’s IP rights by displaying the work).

3. If insurance coverage is provided for the work while installed on City property, it is a good idea to either agree up front on the value of the work (with some legitimate support for that amount) or limit the coverage to a maximum amount so that there is a mutual understanding about what can be recovered in the event of damage or destruction.

I get that these agreements should not be over-lawyered, but it is a good idea to have a little more detail when possible.

Sarah Conley Odenkirk

ArtConverge

6253 Hollywood Blvd., Suite 201

Hello~

I have been searching the online resources and the listserv archives and can’t find a sample. Can anyone send me a sample loan agreement for temporary sculpture that a city can use?

Thank you in advance!

Robin

Robin Muse McClea
Artist Services Program Manager

Arkansas Arts Council

an agency of the Department of Arkansas Heritage

1100 North Street | Little Rock, AR 72201

email: robin.mcclea@arkansas.gov
office: 501.324.9348

fax: 501.324.9207

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