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Aam Loan Agreement

The borrower is responsible for all maintenance costs. The museum curator is responsible for estimating conservation costs before signing a loan agreement. The manufacture of in-house mountains is supervised and/or carried out by the curator. In the event that these services are not available in-house, the maintenance of the contract or the manufacture of the assembly is charged at the contractor`s rate. Loans for research loans on materials used outside the museum are charged in addition to maintenance fees with a lump sum of $300, plus $65 per hour. These management fees cover the cost of searching collections, checking by staff, checking the Registrar`s processing, packaging, sending, monitoring and control procedures. The borrower receives an invoice with written approval of the loan. Since the museum cannot bear the processing costs, this fee is due after receipt. In addition to the aforementioned administrative costs, the borrower is responsible for maintenance and all other credit-related expenses (see the corresponding commissions for all loans below). The borrower agrees to return the loan to the museum only until the date set out in the signed loan agreement, unless the museum has entered into other agreements in advance. No duct tape, glue, pencil, staple, wire or other materials should be placed on or in objects. The borrower is responsible for the cost of building special media for the items they need.

The assembly instructions for these objects are provided by the museum. The borrower agrees to comply with all the museum`s specific installation or assembly instructions. Borrowed objects are only installed by experienced staff. Ready for the exhibition Once approved, loans to institutions are charged an administration fee of $500 for the first item; US$300 for each additional item for exhibition loans on the first or only venue of the event. in addition to maintenance costs. Items in exhibits that move to different locations are charged an additional $150 per item per additional location. Administrative costs cover the cost of searching collections, checking by staff, monitoring processing procedures, packaging, sending, monitoring, monitoring and restitution of collections. The borrower receives an invoice for these fees with written approval of the loan.

Since the museum cannot bear the processing costs, this fee is due after receipt. In addition to the aforementioned administrative costs, the borrower is responsible for all maintenance and other credit-related expenses (see the corresponding commissions for all loans at the end of Section I). All loans renewed and/or renewed after the initial term of the loan are subject to an annual fee of $100 per item. Once a formal loan application has been received and museum staff have begun to conduct an audit, a $500 credit application is billed to the potential borrower if the loan application is cancelled, withdrawn or postponed sine die by the borrower. Loans are not made to individuals. If an individual researcher is linked to a museum, the loan agreement must be signed by the host institution. If the applicant is affiliated with a university department, the agreement must be signed by the head of the department. Below is a brief summary of the guidelines that guide the MIT Museum in managing inbound and outbound loans to other MIT institutions, organizations and departments.