Why do galleries hardly conclude contracts with artists?

Only a fraction of galleries conclude contracts with their artists. This uncertainty leads to conflicts time and again. Why does the art trade nevertheless refrain from more commitment?

Not only galleries, but also artists protect themselves with a contract against a surprising end of the working relationship. With a contract, all parties involved also show that they take themselves and the joint business relationship seriously and work on it continuously. After all, a contract can regulate so many important details… For more information, see the article at this link.

(Report Monopol Magazine 04.02.2021)