RETURN GARANTIES
Maitre Laurence Voss, Notary in Chambly, was chosen to proceed with the official signature of the sale between the parties, with a immediate signature for " promessse de vente " or " compromis " Maitre Jean-Claude Binoche, internationally known in the field of Modern Art and Contemporary Art, was chosen to be the auctioneer.
Within a 2 months period after the signature of the sale contract, the artist Fred Forest will hand the ''Territory'' keys, that is to say his work of art, to the happy owner. A transfer of property ceremony will be organized.
The owner can be either a private person or a company. The purchaser commits himself or herself to maintain the work of art wholly and as originally composed without breaking it up and in perfect condition. No change in the originally alloted placement of objects will be allowed without the agreement of the artist or eligible party. In case of absolute necessity only, the purchaser or persons entitled to, are allowed to allot the place to another use, without necessary artist's agreement. They should then return all artistc objects listed on the artist's inventory. In this particular instance the 48 original pieces belonging to the work of art as such, will neither be sold as a whole or separately nor moved around without explicit agreement of the artist himself or eligible party.
On the other hand, it is admitted that the sale of the buildings themselves does not entitle the artist or eligible party to any retrocession. The purchaser can also at any time resell le Territoire to any other buyer who will in turn accept to maintain the work of art wholly and in the same condition as previously agreed between the first purchaser himself and the artist or eligible party.
All entrants officially registered ( having completed forms and payed deposit cheque to be returned eventually ) will receive by recorded mail all information about conditions of enrollment. Besides, all entrants are welcome to enquire for more information about the auction-sale, at Maître De Lattre Le Marec's office.
As soon as keys are handed over to the purchaser and winner of the competition, he or she can, without any constraint whatsoever, use and enjoy freely the place personally or have the people or his or her choice live in te section of the building intended to be used as such.
All candidates will receive, in response to their request to participate in the race, and after payment of the 2, 000. 00 FF. refundable deposit, a registered mail information package explaining the conditions of participation. Besides, all participants will be able to request more information about the sale from the Offices of Maitre De Lattre Marec. In order to develop his work of art, Fred Forest can freely, on his own, use the work of art known as ''Territory of Territories or Web Territory'' that he has installed on Internet for the ''Imagina 96'' exhibit under the site :
http://www.monaco.mc/exhib/territories
The proceeds of the sale of the ''Territory'' will be used to develop a new project of the artist Fred Forest that will be located in Sophia Antipolis, a High Technology Park in the South of France. This project is the creation of a multimedia research laboratory.