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Questions and Answers
What type of contracts are not applicable in the hospitality industry?
What type of contracts are not applicable in the hospitality industry?
What should the agreement in the hospitality industry contain to avoid misunderstandings?
What should the agreement in the hospitality industry contain to avoid misunderstandings?
Which subject area is NOT typically included in a contract for hospitality services?
Which subject area is NOT typically included in a contract for hospitality services?
What does the termination clause provide legal protections for?
What does the termination clause provide legal protections for?
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What does the indemnification clause protect the hotel from?
What does the indemnification clause protect the hotel from?
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What does the attrition clause outline potential damages for?
What does the attrition clause outline potential damages for?
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What is 'double dipping' in the context of event contracts and policies?
What is 'double dipping' in the context of event contracts and policies?
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What is the purpose of a proforma invoice in the context of event contracts?
What is the purpose of a proforma invoice in the context of event contracts?
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What does the room attrition policy include penalties for?
What does the room attrition policy include penalties for?
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What do deposit policies typically include?
What do deposit policies typically include?
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What is the purpose of the group rate clause in contracts?
What is the purpose of the group rate clause in contracts?
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What is the purpose of the damages policy in event contracts?
What is the purpose of the damages policy in event contracts?
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What is the attrition clause related to in event contracts?
What is the attrition clause related to in event contracts?
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What is the purpose of the F&B attrition policy in contracts?
What is the purpose of the F&B attrition policy in contracts?
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What does the initial and rest of deposits due date refer to in event contracts?
What does the initial and rest of deposits due date refer to in event contracts?
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What does the termination clause provide legal protections for in event contracts?
What does the termination clause provide legal protections for in event contracts?
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What does the indemnification clause protect the hotel from in event contracts?
What does the indemnification clause protect the hotel from in event contracts?
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What does the attrition clause outline potential damages or fees for in event contracts?
What does the attrition clause outline potential damages or fees for in event contracts?
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What is 'double dipping' in the context of event contracts and policies?
What is 'double dipping' in the context of event contracts and policies?
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What do deposit policies typically include in event contracts?
What do deposit policies typically include in event contracts?
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What is the purpose of the proforma invoice in the context of event contracts?
What is the purpose of the proforma invoice in the context of event contracts?
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What do example F&B attrition policies include charges for in event contracts?
What do example F&B attrition policies include charges for in event contracts?
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What do example of room attrition policies include penalties based on in event contracts?
What do example of room attrition policies include penalties based on in event contracts?
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What does the group rate clause in event contracts typically address?
What does the group rate clause in event contracts typically address?
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What does the damages policy in event contracts typically cover?
What does the damages policy in event contracts typically cover?
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What does the initial and rest of deposits due date refer to in event contracts?
What does the initial and rest of deposits due date refer to in event contracts?
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What do example of meeting rooms attrition policies include penalties based on in event contracts?
What do example of meeting rooms attrition policies include penalties based on in event contracts?
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What is the purpose of detailing certified vendors in a hospitality contract?
What is the purpose of detailing certified vendors in a hospitality contract?
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What is the primary reason for avoiding oral contracts in the hospitality industry?
What is the primary reason for avoiding oral contracts in the hospitality industry?
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What does the 'A PROMISE TO PERFORM' subject area in a hospitality contract typically involve?
What does the 'A PROMISE TO PERFORM' subject area in a hospitality contract typically involve?
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What does the attrition clause outline potential damages or fees for in event contracts?
What does the attrition clause outline potential damages or fees for in event contracts?
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What does the indemnification clause protect the hotel from in event contracts?
What does the indemnification clause protect the hotel from in event contracts?
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What do example F&B attrition policies include charges for in event contracts?
What do example F&B attrition policies include charges for in event contracts?
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What do example of meeting rooms attrition policies include penalties based on in event contracts?
What do example of meeting rooms attrition policies include penalties based on in event contracts?
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What do deposit policies typically include in event contracts?
What do deposit policies typically include in event contracts?
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What is the purpose of the proforma invoice in the context of event contracts?
What is the purpose of the proforma invoice in the context of event contracts?
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What does the termination clause provide legal protections for in event contracts?
What does the termination clause provide legal protections for in event contracts?
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What does the room attrition policy include penalties for in event contracts?
What does the room attrition policy include penalties for in event contracts?
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What is 'double dipping' in the context of event contracts and policies?
What is 'double dipping' in the context of event contracts and policies?
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What does the group rate clause in event contracts typically address?
What does the group rate clause in event contracts typically address?
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What does the damages policy in event contracts typically cover?
What does the damages policy in event contracts typically cover?
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What does the initial and rest of deposits due date refer to in event contracts?
What does the initial and rest of deposits due date refer to in event contracts?
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What does the indemnification clause protect the hotel from in event contracts?
What does the indemnification clause protect the hotel from in event contracts?
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What does the attrition clause outline potential damages or fees for in event contracts?
What does the attrition clause outline potential damages or fees for in event contracts?
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What is 'double dipping' in the context of event contracts and policies?
What is 'double dipping' in the context of event contracts and policies?
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What is the purpose of the proforma invoice in the context of event contracts?
What is the purpose of the proforma invoice in the context of event contracts?
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What do example of room attrition policies include penalties based on in event contracts?
What do example of room attrition policies include penalties based on in event contracts?
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What does the termination clause provide legal protections for in event contracts?
What does the termination clause provide legal protections for in event contracts?
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What do deposit policies typically include in event contracts?
What do deposit policies typically include in event contracts?
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What does the damages policy in event contracts typically cover?
What does the damages policy in event contracts typically cover?
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What is the purpose of the group rate clause in event contracts?
What is the purpose of the group rate clause in event contracts?
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What does the initial and rest of deposits due date refer to in event contracts?
What does the initial and rest of deposits due date refer to in event contracts?
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What does the F&B attrition policy in contracts include charges for?
What does the F&B attrition policy in contracts include charges for?
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What does the 'A PROMISE TO PERFORM' subject area in a hospitality contract typically involve?
What does the 'A PROMISE TO PERFORM' subject area in a hospitality contract typically involve?
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Study Notes
Event Contracts and Policies Overview
- Contracts should include clauses for payment schedule and deposits, cancellation terms, termination (force majeure) clause, indemnification clause, group rate, room blocks, and damages policy
- Payment details, initial and rest of deposits due date, and cancellation terms should be clearly stated in the contract
- The termination clause provides legal protections for cancellations due to reasons beyond control
- The indemnification clause protects the hotel from legal action due to client negligence or damage
- Attrition clause outlines potential damages or fees for not fulfilling minimum commitments
- "Double dipping" is an activity done by hotels and customers, and planners can charge hotels "reverse attrition"
- Example of cancellation policies includes specific percentages invoiced based on the proximity to the event date
- Example of room attrition policies includes penalties based on reductions in the number of contracted room nights
- Example of F&B attrition policies includes charges for cancellations affecting the expected attendees
- Example of meeting rooms attrition policies includes penalties based on the proximity to the arrival date
- Deposit policies include a first deposit of 15% on contract signature and subsequent deposits leading up to the event
- Proforma invoice is issued to confirm the buyer’s intentions for the event and is a 'good faith' agreement with specific details and not a payment demand. It can be converted to a completed invoice if changes are requested.
Event Contracts and Policies Overview
- Contracts should include clauses for payment schedule and deposits, cancellation terms, termination (force majeure) clause, indemnification clause, group rate, room blocks, and damages policy
- Payment details, initial and rest of deposits due date, and cancellation terms should be clearly stated in the contract
- The termination clause provides legal protections for cancellations due to reasons beyond control
- The indemnification clause protects the hotel from legal action due to client negligence or damage
- Attrition clause outlines potential damages or fees for not fulfilling minimum commitments
- "Double dipping" is an activity done by hotels and customers, and planners can charge hotels "reverse attrition"
- Example of cancellation policies includes specific percentages invoiced based on the proximity to the event date
- Example of room attrition policies includes penalties based on reductions in the number of contracted room nights
- Example of F&B attrition policies includes charges for cancellations affecting the expected attendees
- Example of meeting rooms attrition policies includes penalties based on the proximity to the arrival date
- Deposit policies include a first deposit of 15% on contract signature and subsequent deposits leading up to the event
- Proforma invoice is issued to confirm the buyer’s intentions for the event and is a 'good faith' agreement with specific details and not a payment demand. It can be converted to a completed invoice if changes are requested.
Event Contracts and Policies Overview
- Contracts should include clauses for payment schedule and deposits, cancellation terms, termination (force majeure) clause, indemnification clause, group rate, room blocks, and damages policy
- Payment details, initial and rest of deposits due date, and cancellation terms should be clearly stated in the contract
- The termination clause provides legal protections for cancellations due to reasons beyond control
- The indemnification clause protects the hotel from legal action due to client negligence or damage
- Attrition clause outlines potential damages or fees for not fulfilling minimum commitments
- "Double dipping" is an activity done by hotels and customers, and planners can charge hotels "reverse attrition"
- Example of cancellation policies includes specific percentages invoiced based on the proximity to the event date
- Example of room attrition policies includes penalties based on reductions in the number of contracted room nights
- Example of F&B attrition policies includes charges for cancellations affecting the expected attendees
- Example of meeting rooms attrition policies includes penalties based on the proximity to the arrival date
- Deposit policies include a first deposit of 15% on contract signature and subsequent deposits leading up to the event
- Proforma invoice is issued to confirm the buyer’s intentions for the event and is a 'good faith' agreement with specific details and not a payment demand. It can be converted to a completed invoice if changes are requested.
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Description
Test your knowledge of event contracts and policies with this overview quiz. Explore key clauses to include in contracts, such as payment schedule, termination, and indemnification, as well as attrition policies and deposit details. Perfect for event planners and hospitality professionals.
