Termination is different from cancellation. You should also state that deposits that are non-refundable if they decide to bar the occasion from happening due to some reasons. Don’t forget that the contract should have cancellation terms that defer clients from canceling at the last minute without a pay. It’s a problem that planners and organizers face, especially when they back out when there are already purchase receipts. Include Cancellation TermsĬlients bailing out from the last minute is nothing new in the events management industry. Because this is not an uncommon scenario in event planning, most organizers would include a term that imposes additional charges should the client requests for things that are not on the service list. This way, you also set the boundaries of what the clients can ask for and what they can’t. Specify Your Service ScopeĪny business agreement should highlight the scope of the services which would let the clients know what to expect and what services they’ll only be catered to. This should also state the exact amount of the transaction to avoid complications and misinterpretations. The details should include when the client should make the initial and final deposits. You must specify a definite payment schedule on your contract. It puts any planner or event management at a disadvantage because it might ruin their name in the industry. Set a Definite Payment Scheduleįinancial matters are probably the main highlight in any contract or agreement since disputes that involve monetary issues never end well. Here’s how you can make your business contract protect you: 1. Instead of just being down with a clear and well-written event contract, you should use it to safeguard you and mitigate the risks. If you’re an event planner, you are at risk of several issues that might improperly bind you. How to Make an Event Contract That Protects You It makes sure that everyone involved in the making of an occasion, the event decorators, the catering team, the performers, and other vendors, are all covered with the guarantee that they’ll be compensated promptly for their work. It can work for any public events such as band concerts and conferences or private special events such as weddings, debuts, and birthdays.Īccording to, an event contract in an essential part of any event planning because it is protective. This provides every component that both parties can expect from the transaction. An event contract is a binding agreement outlining a business agreement between an event planner or organizer and a client.
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