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Agreement Between Event Company And Client

Posted on 08 Apr 2021
By rb_admin

A compensation clause is intended to protect you and your event planning office from any negligence of your client. With this clause, your client cannot charge you with injury, damage or loss as a result of acts committed by them and vice versa. As an event organizer, you are expected to ensure the success of this event with the instructions and services you offer. Before these expectations are met, they must be clearly defined in an event planning contract, not only to ensure security between you and your client, but also to protect you from the effects of possible obstacles. As an adult, I now understand the need for this flexibility in making a promise to a child; But this flexibility does not bode well in the world of work. We all have expectations of our professional work lines, which we expect to be met, and event planning is no exception. 2.4 Down payment – A down payment of 50% of the total tax (including VAT) as agreed in the written proposal (attached), an event or program is payable upon confirmation of the order. The remaining 50% is called the balance sheet. While the budget doesn`t have to be accurate (since it`s not going as planned), it`s important to record your best estimates of the cost of an event to your business to avoid any conflict with your customer. You can renegotiate changes and budget changes at any time, once planning is complete. Customers who retreat to the middle are not uncommon. But what if you, the event planner, want to unsubscribe? It happens — maybe you get a last-minute request from a senior customer, a client you`ve hired, you`re facing an unexpected health emergency.

This type of clause is common in the hotel industry and is called a cancellation clause for hotels. This event management agreement governs transactions between an event management provider and its client. This agreement is suitable for companies whose main activity is to organize and plan parties, corporate events or other such events. The client can pay the rest when the event ends, or in small steps for each step of the planning phase. Be sure to ventilate the different posts (for example. B location rental, equipment, catering) and include taxes and other additional fees.