Logo
Pattern

Discover published sets by community

Explore tens of thousands of sets crafted by our community.

Contract Law for Event Planners

20

Flashcards

0/20

Still learning
StarStarStarStar

Force Majeure

StarStarStarStar

Relieves both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term 'act of God', prevents one or both parties from fulfilling their obligations under the contract.

StarStarStarStar

Cancellation Clause

StarStarStarStar

Outlines the conditions under which the event may be canceled by either party, and may include provisions for cancellation fees or payments that need to be made depending on when the cancellation occurs.

StarStarStarStar

Indemnification Clause

StarStarStarStar

A party agrees to indemnify, defend, and hold harmless the other party from and against all claims, losses, damages, and expenses arising out of or related to the performance of the indemnifying party's obligations under the contract.

StarStarStarStar

Payment Terms

StarStarStarStar

Specifies the amount to be paid, the schedule for payment, acceptable forms of payment, and consequences of late payments, to ensure clear financial arrangements are set.

StarStarStarStar

Dispute Resolution

StarStarStarStar

Defines the process that the parties agree to follow in the event of a dispute, which may include negotiation, mediation, arbitration, or litigation.

StarStarStarStar

Confidentiality Clause

StarStarStarStar

Requires parties to maintain the confidentiality of any specified information related to the event and the contract, protecting trade secrets or proprietary information.

StarStarStarStar

Termination Clause

StarStarStarStar

Defines the conditions under which the contract may be terminated before the event is completed, and may include notice period and any applicable penalties or fees.

StarStarStarStar

Governing Law

StarStarStarStar

Specifies which jurisdiction's laws will govern the interpretation, enforceability, and disputes of the contract terms.

StarStarStarStar

Attrition Clause

StarStarStarStar

Requires the event planner to compensate the venue if the minimum number of guests or rooms is not met, often based on a percentage of the shortfall.

StarStarStarStar

Assignment Clause

StarStarStarStar

Determines whether the rights and obligations under a contract may be transferred to another party, and under what conditions.

StarStarStarStar

Performance Clause

StarStarStarStar

Stipulates the standards and criteria under which the services are to be performed and might include remedies or penalties for non-performance.

StarStarStarStar

Integration Clause

StarStarStarStar

Asserts that the contract represents the complete understanding between the parties and supersedes all prior negotiations, agreements, or understandings.

StarStarStarStar

Changes and Amendments

StarStarStarStar

Describes the process by which the contract can be modified, often requiring written consent by both parties for any changes to be valid.

StarStarStarStar

Severability Clause

StarStarStarStar

States that if one part of the contract is found to be unenforceable, the rest of the contract remains in effect.

StarStarStarStar

Jurisdiction Clause

StarStarStarStar

Specifies the location where disputes related to the contract will be resolved, usually in a court where the event takes place or where one of the parties does business.

StarStarStarStar

Subcontracting Clause

StarStarStarStar

Outlines the conditions under which the event planner may hire subcontractors to perform part of the work and often requires approval from the other party.

StarStarStarStar

Insurance Clause

StarStarStarStar

Requires one or both parties to maintain insurance policies to cover various liabilities associated with the event, providing financial protection.

StarStarStarStar

Damages Clause

StarStarStarStar

Specifies the types and limits of damages that one party may be required to pay to the other in case of breach of contract or other misconduct.

StarStarStarStar

Non-Compete Clause

StarStarStarStar

Restricts one party, typically the event planner, from engaging in business activities that compete with the client's business for a certain period after the event.

StarStarStarStar

Arbitration Clause

StarStarStarStar

Requires the parties to resolve disputes through an arbitration process rather than litigation, which can be faster and less formal.

Know
0
Still learning
Click to flip
Know
0
Logo

© Hypatia.Tech. 2024 All rights reserved.