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Tips for Negotiating Your Next Big Event Contract

Smart Meetings

Smart Meetings chatted with Cheryl M. Payne, CMP, CMM, strategic partner at INNOV8 Meetings + Events , to get her take on the current marketplace and its impact on meeting planners, and some helpful tips and tricks planners should be looking at when drafting up a contract with a hotel or venue.

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Event Contracts: Agree to Be Agreeable

SmartMeetings

Negotiation experts share tips for building win-win event contracts The ROI is in the details when drafting a vendor contract. Read More : Why AI Might Mean Salvation for the Meeting Industry Payne believes in creating a custom contract for each client that addresses all hotel fees and surcharges.

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How to Plan a Conference Meeting Room Set up

Master the Event

Have you ever gone to a conference meeting where the room set up didn’t really match the format of the meeting? It can be uncomfortable and can really take your mind off of the meeting at hand. How to plan a conference meeting room set up basically depends on what’s going to happen during the conference meeting itself.

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Money Talks: Defining an Event Budget

TicketBud

According to a recent Maritz Industry Trends Report , most meeting expenses are up over 20 percent since before the pandemic. This enables organizers to devise backup plans, forge partnerships, and negotiate favorable deals with vendors to ensure that the event stays on track throughout planning and execution.

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The Meeting Planner’s Glossary

SmartMeetings

This industry runs on jargon, and since meeting planning requires everyone to work at a rapid click, it’s best to get acquainted with it yourself. Certified Meeting Professional , a merit one receives from completing the Convention Industry Council’s certification program for professionals in the meeting, convention and exhibition industries.

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Getting More Value from Conference Keynote Speakers

Velvet Chainsaw

As you evaluate speakers on this criteria, be sure to check references and video tape from the past 12 months. Develop a list of prioritized concessions (value adds), just like you would for hotel negotiations. Engaging – If a speaker doesn’t have a plan for chunking content and infusing audience participation, don’t hire them.

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A Breakdown of Post-Pandemic Contract Clauses

Smart Meetings

Now two years out from where we were at the pandemic’s genesis, one question continues to peck at the minds of meeting planners: “Can the fear of Covid be sufficient enough to trigger force majeure ?”. Deciding the “choice of law provision,” or what state and who gets legal jurisdiction, may come down to common law negotiations, Sheaks said.