Embed Mitro Luxury Art: Artist Royalty Agreement

Artist Royalty Agreement


 

                                                            Mitro Art Gallery
                                                   Daytona Beach,Florida
                                                             386-589-2448
               SALES CONTRACT, ROYALTY AND COPYRIGHT



This is an agreement between artist and art buyer; a legal document stating reserved rights of the artist upon sale of art.



1. While purchaser retains total physical property of purchased artwork, artist Katheleen Mitro reserves all copyrights to the aforesaid and after mentioned art. In the event of her death these copyrights will remain the property of her son Alexander William Mitro until his death when all her art becomes public domain.


  1. In anticipation of the value of these works appreciating greatly, a 7% royalty must be paid to artist Katheleen Mitro on each subsequent sale of this artwork that results in an increase of sale price, regardless of how many times the painting changes hands.
Each subsequent buyer of this art piece is also bound by this royalty agreement and must also pay a 7% royalty to Katheleen Mitro on any increase they receive by reselling
this painting.
  1. In the event of her death these royalties must be paid to her son Alexander William Mitro and upon his death all royalty payments will cease.






The 7% royalty will be paid only on the increase in sale price received, not the base price of the picture.









As the initial sales agreement on the first sale of this painting these terms and conditions will follow though the life time of artist Katheleen Mitro and son Alexander William Mitro regardless of how often this artwork is sold and changes hands. This sales agreement is in effect for all subsequent buyers of this art piece and it's conditions are unbreakable.


















Title of Artwork -












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Artist Signature -



Date -



Phone number -



Email -



Address -















Purchasers Signature -



Date -



Phone number -



Email -



Address -






















We appreciate your patronage and hope you have many long happy years with your purchase.
Katheleen Mitro