Dating resale rights

Posted by / 27-Dec-2016 00:12

Dating resale rights

It basically means that you have the rights to re-sell the product yourself, accepting and keeping the payments for each sale.

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However, the total amount of the royalty may not exceed EUR 12 500.Resale right for the benefit of the author of an original work of art By generalising and harmonising resale rights in the internal European market, this Directive will help ensure that the internal market for modern and contemporary art functions properly.ACT Directive 2001/84/EC of the European Parliament and of the Council of 27 September 2001 on the resale right for the benefit of the author of an original work of art.However, Member States may decide to apply this Directive to authors who are nationals of non-EU countries but whose habitual residence is in the Member State concerned.For a period of three years after the resale, the persons entitled to receive royalties have the right to demand of any art market professional any information that may be necessary to secure payment of royalties from the resale.

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As a result of this, there are barriers to the internal market and distortions of competition within it as well as a lack of protection for the authors of original artistic works.

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