You just heard a rumor that your largest retail customer is in financial distress and may file for bankruptcy. After a moment of panic, you review your consignment agreement with the retailer (this ...
Shares of the struggling retailer fell to an all-time low following the news Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of ...
An April 12, 2019 Delaware Bankruptcy Court decision in the Sports Authority Chapter 11 case (In re TSAWD Holdings, Inc.) is an important reminder for sellers of goods on properly obtaining security ...
The COVID-19 pandemic has affected the art world in many ways, including making it difficult, if not impossible, for art businesses to meet their contractual obligations. To protect their bargaining ...
It is more important than ever for vendors who believe they have consignment arrangements with their customers and for debtors in the possession of goods, presumably on consignment, to examine such ...
If you look up the definition of "consignment sale" in the dictionary, it sounds simple. A vendor sends goods to a retailer to be sold in the retailer's store(s). Once the goods are sold, the retailer ...
Art consignment agreements are deceptively simple. This essay goes behind that simplicity to raise issues for art owners, which are not fully addressed (or only imperfectly so) by the text of the ...
There are many avid art collectors among high-net-worth clients, many of whom frequently look to galleries to consign artwork they no longer want. Net sale agreements are commonplace in the industry ...
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