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Unfortunately, SB, the peril would remain. All that such an agreement would provide would be in the nature of a "hold harmless" provision, meaning that in the event of legal action against the artist, the artist would have the right to attempt to recoup his losses from the client. As between the copyright owner and the artist, the agreement between the artist and the client would be without effect.
Anyway, a client who would insist that the artist commit a copyright violation, with or without the promise to indemnify for any liability, is a client to walk away from.
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