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Renegotiating Live Event Agreements When All Parties Are Innocent Victims

Velvet Chainsaw

However, from past experience, any time that there has been a shift from a seller’s to a buyer’s market, those contracts signed during a seller’s market just flat out had to be updated. Many conference organizers want to change their exhibit contract language or attendee cancellation policies to avoid future losses. Remove Barriers.

Contracts 397
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Event Planning Has Risen in the Ranks of Most Stressful Jobs

Velvet Chainsaw

Planners are charged with making the problem go away but have little to no negotiating power. Event planners should consider asking key suppliers to add a Service Level Agreement (SLA) to their contract. Reprinted with permission of Convene , the magazine of the Professional Convention Management Association.

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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. A win-win contract allows everyone to feel that their biggest risks are covered and they can partner in good faith to execute confidently while working creatively to deliver the best event possible.

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New Contract Essentials in an Ever-Changing Environment

SmartMeetings

2022 contracting will require going back to basics. Contracting in the current Covid climate, however, is complex—everything feels unsettled, so it’s hard to know how to plan. Anyone who has written a contract in the COVID era has learned one thing—patience! How do we navigate this ever-changing environment?

Contracts 116
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Acing the Post-COVID Contract

SmartMeetings

If there’s one thing coronavirus has done, it’s shone a spotlight on the importance of having a rock-solid contract to protect you from legal action. Before the coronavirus, many venue contracts didn’t feature force majeure clauses , and too many planners may not have seen a need for it. Event Contract Language.

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Six Steps for Breakthrough Negotiations

MeetingsNet

Remember that time when you presented your contract terms to a vendor—perhaps a hotel, production company, tech provider, off-site venue, or speakers agency—and the vendor simply replied, "Sure, this is fine." Every negotiation has its sticking points, with some more serious than others. Printer-friendly version.

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Cut Costs, Not Corners

SmartMeetings

They have the power to negotiate multiple concessions. For example: If you’re negotiating a contract in 2024 for a 2027 meeting, lock in menu pricing based on current prices. For example: If you’re negotiating a contract in 2024 for a 2027 meeting, lock in menu pricing based on current prices.