THE PENALTY BOX Here's an example of what to watch out for in a typical cancellation clause. Clause: “If the Group cancels this contract, the Group's liability for liquidated damages will be as follows: Notice of Cancellation Received Liquidated Damages More than 180 days prior to arrival 40% of anticipated room revenue 90-179 days prior to arrival 50% of anticipated room ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only gain access to Printer-friendly, you'll get exclusive access to a large archive of premium content.

Already registered? here.