When an Organization Cancels a meeting contract, computing the actual losses to the hotel's business can be cumbersome. And what happens if the hotel cancels? Most hotel contracts use the concept of “liquidated damages,” agreeing in advance what the damages will be if the client cancels its obligation.

Register to view the full article

Register for MeetingsNet.com and gain access to premium content including the CMI 25 Listing, our monthly digital edition, the MeetingsNet app, live and on-demand webinars, and much more.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish