5 March 2026 · Corporate Update

Board approves standardised artist contracts framework

The Board of Directors of Kashmir Limited has approved a standardised framework for artist contracts governing all art acquisitions conducted by the Cultural Investments division. The framework, developed in consultation with legal advisors specialising in art law, establishes consistent professional standards across the group’s growing acquisition programme.

The framework covers key contractual elements including acquisition terms and pricing, provenance documentation requirements, authentication and condition reporting standards, storage and insurance responsibilities, and exhibition rights governing the display and loan of acquired works. Each element has been designed to protect both the interests of the group and the rights of the artists from whom works are acquired.

The standardised framework ensures that all acquisitions, whether conducted directly with artists or through gallery partners, are governed by transparent and professionally drafted terms. The Board views this as an important step in the professionalisation of the Cultural Investments division, providing a solid legal foundation as the collection continues to grow in both scale and institutional significance.

Over 90 existing artist contracts are scheduled to be transitioned to the new framework during 2026, ensuring retrospective alignment with the updated standards. The Board has directed the Cultural Investments division to implement the transition programme in consultation with the relevant galleries and artists, maintaining the collaborative relationships that underpin the group’s acquisition activities.