article thumbnail

Contracts, Negotiations and Financials

SmartMeetings

A Breakdown of Post-Pandemic Contract Clauses. New Contract Essentials in an Ever-Changing Environment. Contracting in the current Covid climate is complex—everything feels unsettled, so it’s hard to know how to plan. Harness the Power of Negotiation for Post-Covid Success. Acing the Post-COVID Contract.

article thumbnail

3 Event Contract Trends in 2022

EventMB

If you thought event contracts were tricky before the pandemic, buckle up for even more complications. In 2020, executing the force majeure clause in a contract was fairly straightforward. Performing the activities stipulated in the contract had been made impracticable. A lot of contracts don’t specify that.

Contracts 175
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Event Contract Considerations for 2021

SmartMeetings

If you spent 2020 talking about force majeure clauses more than you ever had in your career, you are not alone. Over the months, Sheaks noticed more hotels and venues using liability waivers, along with enhancing safety protocols, revising contracts , signage and training. If you are seeking legal advice, consult with a professional.

Contracts 105
article thumbnail

Event Contract Considerations for 2021

SmartMeetings

Has this year strengthened your relationship with the event contract? 2020 brought to the fore voluminous talk about force majeure clauses , common law principles and greater attention to legal terms in general. The post Event Contract Considerations for 2021 appeared first on Smart Meetings. If so, you’re not alone.

article thumbnail

Win-Win Venue Contracts Mean Identifying These Planner Personas

Event Leadership Institute

Most event planners want a venue contract in which everybody wins. However, because they’re also accountable to someone—a boss or a client—some are tempted to use negotiation tactics that can catch venue sales representatives off guard. The Latecomer believes that the real negotiation begins when the contract is ready to sign.

article thumbnail

Renegotiating Live Event Agreements When All Parties Are Innocent Victims

Velvet Chainsaw

hotel industry is projected to report a 51-percent decline in revenue per available room (RevPAR) in 2020, according to a special forecast revision from STR and Tourism Economics on March 31. Many conference organizers want to change their exhibit contract language or attendee cancellation policies to avoid future losses.

Contracts 398
article thumbnail

Don’t Ask for a Covid Force Majeure Clause Now, and Other Advice from a Hotel Attorney

Smart Meetings

Good news: The outbreak of Covid force majeure cancellations and postponements that plagued the industry in 2020 did not lead to a rash of precedent-setting lawsuits. Now, the question is how to build contracts moving forward. Read More : A Breakdown of Post-Pandemic Contract Clauses. Fee Negotiation.

Hotels 98