Convention Center License Agreement
– Force majeure: While most licensing agreements contain a force majeure clause, these provisions generally only allow for termination without injury if something happens with the centre. As a general rule, they do not address the possibility that the performance of the group`s contract may be affected by a force majeure event. Therefore, the group must ensure that it negotiates this provision in order to allow termination if the group`s ability to execute the contract is compromised. Most centres will agree to make this change, but often the language of the words will vary. If the contract is terminated for these reasons, the provision should provide that the Centre will prepay all payments and advances made by group. – Rules and regulations: most convention centres have very detailed rules, regulations or guidelines. As a general rule, these documents contain the specifics of what the group can/can do in terms of installation, installation, etc. These rules and rules are generally attached to the license agreement and are referred to them. It is important that the group verify a copy of these rules and regulations and ensure that they comply with the agreement of the group (or its decorator). – Eat and drink: Food and beverages are usually provided by an exclusive supplier. For groups that organize food shows, the centres will often agree to include an exception allowing group exhibitors to distribute food and beverage samples.
In addition, some centres will ask the group to commit to a minimum of food and beverages in order to obtain a discount on rental costs. If this is contained, it is important to carefully check the provision to ensure that it reflects the group`s previous discussions with the Centre. If the Group relies on sponsored or related food and beverage functions in the Centre, the Group must ensure that this provision contains a declaration stating that all income from food and beverages generated by the Group`s sponsors and affiliates is charged on the Group`s minimum of food and beverages. Below is a checklist of items that you can check and take into account with any Convention Center licensing agreement: – Authorized space, date and times: It is important to check all parts, dates and times, including moving and exit times. Often there are errors or differences in the space that was discussed during the visit. It is also important to include a statement that the Centre cannot reallocate any of the premises granted without the group`s prior written consent. – Insurance requirements: Convention centres need strong insurance coverage for all groups that use the space. From general liability to automobile liability, to the insurance of workers` compensation, anything may be necessary. It is important to ensure that the group`s insurance coverage meets the requirements of the contract with respect to the types of insurance and the amounts of coverage.
The centres want to see proof of the group`s insurance in the form of an insurance certificate. In addition, the centres require the group to designate the centre as “additional insured” in their policy. This means that the Centre is an entity covered by the directive, just as the group is covered by the directive. Finally, many centres require that the group`s insurance involve a “renouncement of sub-rogatory.” “under-cutting” is a legal term in which the insurance company can “put itself on the back” of the partisan party and sue the wrongdoer. For example, you get in a car accident caused by another driver. Your insurance covers your rights and your insurance sues the driver who caused the accident to recover his losses. In the event of a waiver of the transfer, the insurance company waives its right to sue the wrongdoer (Posted on: April 9, 2021, by : greyson