Reso 2020-3085 - Laserfiche WebLink

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4, Payment. 50% of total sale price plus Gratin; and shipping shall be made in full upon the signing of the Agreement. An additional 40% shall be paid in full upon the Work being ready to ship out. If the Work is Accepted by the Collector following the Inspection Period, as defined below, then the Collector shall pay the remaining 10%. Collector shall have ten (10) days following the delivery of the Work (hereinafter referred to as the "Inspection Period") to make all inspections Collector may deem necessary. Upon such inspection, Collector shall either accept the Work ("Acceptance") or reject it. Collector shal I have the right to reject the Work if it is not operable or not in confbrmance with any term of this Agreement. Transfer of title to Collector of the Work shall not constitute Collector's Acceptance of the Work. Collector shall provide Artist within the Inspection Period notice of the Work being rejected. If Collector does not provide Artist with any notice of rejection within the Inspection Period, then Collector will be deemed to have provided Acceptance of the Work. Collector shall be entitled to return the rejected Work at Artist's expense and risk of loss for full credit or refund of all amounts paid by Collector to Artist for the rejected Work. Title to rejected Work that is returned to Artist shall transfer to Artist upon such delivery, Invoice Date Payment Terns Percentage Amount Upon signing of this agreement Upon receipt 50% $21,950.00 Upon Release for Shipping Upon receipt 40% $17,560.00: Upon Collector Acceptance Upon receipt 10%1 $4,390.00. Total Cost $43,900.00 5. Delivery. The Artist and Collector shall arrange for delivery to the following location: City of Sunny Isles Beach Government Center located at 18070 Collins Avenue, Sunny Isles Beach, FL 33160 within the given timeframe of the shipping company. The Artist will ship the work no later than one -hundred and twenty (120) days from the signing of this Agreement and upon receiving the initial payment. If there is any delay in the production, the Artist will inform the Collector in writing. 6, Retransfer. If the Collector in any way whatsoever sells, gives, or trades the Work, if it is inherited from the Collector, or if a third party pays compensation for its destruction, the Collector(or the representative of his estate) must notify the artist within thirty (30) days. 7. Transferees Bound. If anyone becomes the new owner of the Work, with notice of this contract, that person shall be bound to all its terms, 8. Copyright and Reproduction. The Artist reserves all reproduction rights, including the right to claim statutory copyright, in the Work. The Work may not be reproduced in any manner whatsoever r ithout the express, written consent of the Artist. All approved reproductions shalt bear the following copyright notice: by BREAKFAST 2020, 9. Miscellaneous. This Agreement shall be binding upon the parties hereto, their heirs; successors, assigns, and personal representatives. This Agreement constitutes the entire understanding between the parties. Its terms can be modified only by an instrument in writing signed by both parties, A waiver of any breach of any of the provisions of this Agreement shall not be construed as a continuing waiver of other breaches of the same or other provisions hereof. This Agreement and all matters relating to it shall be governed by the laws of [he Country of the United States and the State of Florida. SS W'Asr11NGTOV ST =329 hreakfasmy.cmu BROOKLYN, NY 11201 91.74101122