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News: Force Majeure Clauses and a Financial Firm’s Lawsuit Victory

Event Marketer

It wasn’t long ago that force majeure was commonly perceived as insignificant boilerplate language added to the end of an event contract. Then 2020 and a global pandemic hit, and the provision was suddenly viewed as an instrumental clause that could shield event hosts from legal action as a sea of cancellations was sweeping the industry.

Financial 289
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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 185
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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 397
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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 246
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Booked and Busy: The Best Event Planning Reads You’ll Actually Use

Smart Meetings

It covers everything you need to know about event planning, including finding venues, building a team, negotiating contracts, and even measuring success after the event is over. Her real-life examples and relatable style make the topics easy to understand and engaging for readers of all levels.

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How COVID-19 Impacted Our Wedding: Real Couples Share Their Stories

EventSource

Alejandra and Jimmy Our original wedding date was May 23rd, 2020, but the global pandemic had different plans for us. Sajni and Saba Photo Courtesy of Scarlet O’Neill Saba and I have been together for 8 years and were supposed to get married on May 17, 2020.

2020 296
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2024 Contracts Playbook

SmartMeetings

What to watch For Contracts don’t sound exciting. But if you look at them another way, event contracts are a dynamic landscape that can either serve as a solid foundation for your event, or a swampy marsh full of lurking danger! The post 2024 Contracts Playbook appeared first on Smart Meetings. Are staff rotating roles?