Loan of Art Agreement

The Loan of Art Agreement under UK law is a legal template that outlines the terms and conditions for the temporary loan of artworks between lenders (owners) and borrowers (individuals or institutions) within the jurisdiction of the United Kingdom. This agreement aims to establish a formal understanding between both parties regarding the loan period, insurance requirements, maintenance responsibilities, exhibition and display arrangements, transportation logistics, and any other applicable provisions related to the loaned artwork. The document also includes clauses addressing liability, intellectual property rights, confidentiality, dispute resolution mechanisms, and termination procedures. This loan agreement template serves as a comprehensive framework to safeguard the interests of lenders and borrowers while facilitating the smooth circulation of artworks for educational, cultural, and public viewing purposes within the UK legal framework.

• The document should be clear about which rights are being granted under the copyright licence and what the licensee can do with those rights.

• Please ensure that the loan fee is clearly written in agreement.

• The document should set out how long the loan will last and what will happen at the end of the loan period