Everything we know is developed from something we have read,
heard, or seen. Therefore, these other thoughts necessarily influence
what we write. To the best of our knowledge, we have given
specific credit where appropriate.
Rather than footnotes or references, we have listed the works that
have provided significant information in one way or another, since
this is often in concepts rather than quotes.
Owners contract with sculptors who may then employ
contractors and subcontractors. Contracts define terms,
conditions and responsibilities of various parties. This
phase gives both sides a chance to negotiate until a
mutually agreeable contract is signed. An attorney can
be helpful in this phase.
Standard contract considerations between the artist and
owner typically include scope of services, liability,
insurance, indemnification, payment schedules and
timeline. In addition, the owner-sculptor contract should
itemize maintenance obligations of both parties. ...
The objective of this Standard is to establish principles for recognising and measuring
financial assets, financial liabilities and some contracts to buy or sell non-financial
items. Requirements for presenting information about financial instruments are in
IAS 32 Financial Instruments: Presentation. Requirements for disclosing information
about financial instruments are in IFRS 7 Financial Instruments: Disclosures.