Terms of Sale
This Terms of Sale Addendum (“Terms”) is an integral part of the Invoice (“ Invoice) to which it is attached and governs the sale of the Artwork (“Artwork) by the Artist, Rasa Manjari (Rewa Walia) to the purchaser (“Collector”).
1) Ownership and copyright.:The Collector acknowledges that the Artist retains all copyright and ownership rights to the Artwork, notwithstanding the physical ownership of the Artowrk , passing to the Collector. The Collector has the right to display the Artwork, but may not reproduce, change, or create derivative works without prior written permission of the Artist.
2) Care and Preservation: The Collector agrees to exercise all necessary care to preserve the condition of the Artwork.
3) Display and loan: The Collector may display the Artwork in residential or office spaces, but agrees not to loan, exhibit or allow it to be displayed in public or commercial settings, without the prior written consent of the Artist to ensure the artistic integrity and genuine intent of the Artist, and avoid misuse, false contexts, and inaccurate descriptions. Any requests for public exhibition or loan shall be directed to the Artist, and may require a seperate agreement.
4) Resale and transfer: Should the Collector wish to sell or otherwise transfer; they agree to notify the Artist in writing before the sale or transfer. For archival purposes that aim to ensure the Artist’s legacy, the Collector is obliged to transparently share the details of the resale or transfer and the details of the new owner.
5) Damage or loss: The Collector shall notify the Artist immediately, of any loss or damage to the Artwork. The Artist is not responsible for any damage or loss occurring after the transfer of ownership.
6) Payment Terms: Payment for the Artwork is due within fifteen (15) days from the date of the Invoice. If payment is not received to the Artist within this timeframe, an additional late payment fee of five percent (5%) of the total purchase price will be added for each day the payment remains overdue.
7) Shipping Conditions: The Artwork will not be released or shipped to the Collector until full payment, including any applicable fees has been received by the Artist. All shipping arrangements must be approved by the Artist, and the Collector is responsible for all shipping costs, including Insurance during shipping. The Artist will ensure that the Artwork is packed securely for shipping.
8) Import cost: Any import duties , taxes and related charges incurred during the shipping of the Artwork, are the sole responsibility of the Collector. The Collector agrees to comply with all applicable customs regulations and to bear any additional costs associated with the importation of the Artwork into the Collector’s country.
By purchasing the Artwork, the Collector agrees to be bound by these Terms.