Contract For Sale Of A Painting (Seller Not A Dealer)
1. Introduction. Agreement made [date] between [name], residing at [address] (Seller), and [name], residing at [address] (Buyer).
2. Sale and Purchase. Seller will sell to Buyer and Buyer will purchase from Seller one oil painting: [title], signed by [name], [date], [canvas size], depicting the following subject matter: [description].
3. Purchase Price. The purchase price is ---------- dollars ($----------), payable as follows: ---------- dollars ($----------) upon the execution of this Agreement, receipt of which by check subject to collection is acknowledged by Seller, and the balance in cash or by good certified check drawn on a local bank upon delivery of the painting to Buyer.
[Alternative Paragraph]
3. Purchase Price--Payable Before Delivery. The purchase price is ---------- dollars ($----------) payable by good certified check drawn on a bank that is a member of the [clearinghouse], delivered to Seller at least [number] days before delivery of the painting to Buyer.
4. Delivery of Painting to Buyer's Home. The painting shall be delivered by public carrier to Buyer on [date], at Buyer's residence [address].
[Alternative Paragraph A]
4. Delivery of Painting at Seller's Residence. The painting shall be delivered to Buyer at Seller's residence at [address].
[Alternative Paragraph B]
4. Delivery of Painting by Delivery of Warehouse Receipt. The painting is presently stored at the [warehouse], and Seller holds the Warehouse's negotiable warehouse receipt for the painting: [number], [date]. Seller will deliver the warehouse receipt, properly indorsed, to Buyer by [hour] AM [PM] [time zone], on [date]. Delivery of the warehouse receipt shall be deemed delivery of the painting and shall discharge Seller from all further liability except as to Seller's warranties and representations that expressly survive the delivery of the painting to Buyer.
5. Authenticity of Painting. Seller does not warrant the authenticity of the artist's signature on the painting or that the painting is the work of [name]. Seller has displayed to Buyer a certificate dated [date] and signed by [name], stating that the painting is the work of [name]. Buyer and Buyer's agents have examined the...
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