What is an Event Planning Contract?
Event planners play an important role in managing and executing events successfully. They are visionaries and mediators, on the lookout for the best event strategies.
Event planners or managers (also known as party planners) are essentially service providers. They are energetic individuals who learn, socialize, handle logistics and generate easy solutions related to the event.
However, before putting together an event, it is best to establish a contract, to avoid lawsuits and disagreements. It safeguards your interests, prevents bitter situations, and maintains the reputation of your event planning business.
Here are a few key terms that every event contract must have:
-
Payment schedule
-
Cancellation clause
-
Termination clause
-
Indemnification clause
Let’s find out more about event contracts.
Why is an event contract important in the event planning industry?
An average person may consider an event contract to be a signed formal document. But in reality, an event contract acts as a shield to protect event planners and helps event management happen smoothly.
It essentially becomes a binding agreement, between the event planner and its stakeholders, once duly signed. This helps the parties to define their personal requirements best. Also, the terms and conditions become legally enforceable as per the governing law of the state, where the event is being organized.
However, every event has a different requirement and thus no two event contracts are the same. But, all event contracts have a few common elements (such as offer, consideration, and acceptance).
An event contract essentially helps you protect yourself, against performing tasks that are outside the agreed event planning services. However, you may keep a wiggle room for further negotiations and implement it upon the written consent of both parties.
How can an event contract template assist event planners?
Pre-formatted contract templates (or agreement templates) are game-changers giving entrepreneurs, freelancers, and service providers their time’s worth.
Here are a few aspects of how event contract templates can help prioritize business requirements:
-
Easy to comprehend and usually contain minimal technical jargon
-
Effortless customization
-
Fast tracks the negotiation process
-
Legally vetted templates reduce the dependency on legal teams to a great extent
-
Helps individuals with minimal or no legal expertise
-
Helps seal the deal, without any discomfort.
Therefore, event planners utilize these free sample contracts to onboard new customers, investing less time and energy.
But, do keep in mind to turn your event contract into a pdf document, so that you ensure that no further modifications can be made.
To conclude, contract templates such as an event contract or even an entertainment contract are handy documents and help enhance the growth of a business.
What are the popular contracts used by event planners?
Most event planners have expertise in organizing different types of events. For example, wedding ceremonies, reception parties, and baby showers. However, many event planners prefer to focus on specific projects and organize their services accordingly. Some planners may specialize in wedding events while others might be keen on corporate events and conferences.
Hence, the document requirements for each event planner may vary.
The most popular event contracts used by event planners are:
All of the above contracts are used frequently by event planners, depending on the type of event they are planning for their clients.
How to create an event contract that safeguards your event planning business?
It is important to draft a digital contract and define the terms and conditions clearly to leave no room for misinterpretation.
Let’s elaborate on the primary clauses mentioned earlier:
-
Payment schedule: This section is crucial to ensure there is no ambiguity regarding the pricing or payment clearance. So, if the event date is finalized, mention the due date of paying the initial deposit, so the event planning for the chosen date can be started. You can consider making it a non-refundable deposit, which shall ensure you have some cushion money before planning the event. Mention your pricing rates and provide details regarding future payments. Make sure the schedule and pricing suit your business cash flow. Include any taxes and added fees.
-
Cancellation clause: Your event contract needs to have terms for event cancellation. This is an important clause, as it will protect both your business and the expected revenue from the event. Mention in the contract the notice period for rescheduling, or canceling an upcoming event. Also, state that all due payments for your services shall be made until the date of such event cancellation.
-
Termination clause: This section determines the rules for termination when there is a need to nullify the contract before the original expiration date of the document. For example, if a client does not pay as per the mentioned payment schedule, it is a breach of the contract terms and hence may lead to the termination of the contract.
-
Indemnification clause: An indemnification clause establishes that you shall hold your client harmless from any loss, liabilities, or expenses. For example, if a guest gets ill due to the food they consumed at your organized event and decides to sue your client for damages. You shall indemnify and protect your client from such situations.
However, you can also get all of these terms, pre-formatted in Revv’s event contract template.
Uncomplicate event management - Use Revv’s editable event contract template
Revv's ready-to-use event contract template is legally vetted and will help event planners safeguard their businesses from disputes, defamation, and legal actions.
Nowadays, event planners are trying to shift from tools like ms word or google docs, to contract softwares, for a seamless documentation process.
Sign up with Revv to access its advanced document builder. The tool offers a wide range of features to assist you during your document creation process.
Customize this event contract sample, using electronic signatures, incorporating excel sheets, or integrating Stripe payment links.
Get started! Contracts shall no longer be your concern. Utilize these key insights to draft an ideal event contract.