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About Signing that Contract

A contract is a legally binding agreement between you and the venue, be it a hotel, a restaurant, a resort, a caterer or other organization that's providing services . You will be committing to pay for "x" number of people at "y" price. If your contract specifies a minimum number of people that you guarantee, then you will be responsible to pay for that number. So if our minimum is 125 people and only 100 show up, the signer(s) of the contract is/are responsible for paying for those 25 people. At say, $50.00 a head, that would be $1250.00 you would still owe the venue. You don't have to pay tax for those 25 people, nor the tip (as much as 21%) on those 25 people. But you do have to come up with $1250.00 This is why negotiating to lower the minimum number of people to hold the room is very important. Now suppose you have a reunion planned and a contract signed and for some unforeseeable reason you have to cancel it. Well guess what? You are still responsibl...

Contract Concerns

Your contract with your venue represents an agreement between the you (or your team) and the facility/venue. It outlines the specific conditions and services to be provided. Most contracts are negotiatiable so think of it as a "work in progress" that can be changed and adapted based on several conversations with your Event Sales Manager. And keep in mind that during these times of economic uncertainty, venues are tending to be very flexible. The idea is to create terms with which both sides are happy. So don't feel like you have to sign the very first document they put in front of you. I remember our last contract went through about 5 revisions back and forth before we signed. The following are points that can be negotiated: 1. The rate and the number of hotels rooms that will be held as a block for the classmates. Go for the lowest price you can and compare the price to other hotels in the area. The more rooms you can hold the better, depending on how large your class si...