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45 Cards in this Set

  • Front
  • Back
acceptance
signature on a contract
Act of God clause
part of a contract that releases both parties from liability in the event that something happens that is out of their control (hurricane, tornado, war)
addendum
an addition to a completed written document; must be signed by all parties to become part of aleagally binding contract
agent
a person acting on the authority of another (the principal)
American Society of Composers and Publishers (ASCAP)
a major US music licensing organization
antitrust laws
federal laws that prohibit one business from monopolizing trade and excluding competitors
arbitration
a procedure devised to resolve a dispute outside of the court system
attrition
reduction of the room block reserved for a meeting; nonfulfillment of the block
authorized signature
signature from a person with the legal power and influence to make a decision; required on all contracts
blanket license
permission granted by aperforming rights society to play any music in its repertoire
Broadcast Music, Inc. (BMI)
a major US music licensing organization
cancellation clause
provision in a contract that specifies penalties that apply if either party terminates or fails to comply with the terms of an agreement
cancellation insurance
policy secured by a facility or organization to provide compensation for income lost due to the cancellation of an event
cancellation policy
written statement of actions that can or will be taken in the event of a cancellation due to a specific circumstance
clause
a detailed section fo a contrac tpertaining to a specific issue
confirmation letter
letter to a speaker acknowledging that a commitment has been made by the speaker and the organization and outlining information about the meeting
contract
a legal agreement bwetween competent parties to provide a particular service, the breach of which involves a legal penalty
convention liability insurance
insurance policy that covers the meeting sponsor for any expenses from legal action due to bodily iinjury or property damage claims
copyright
the exclusive legal right to reproduce, publish or sell literary, musical or artistic work
cutoff date
deadline for holding a number of rooms or ticket guarantees at the group rate
double booking
when two or more groups or individuals are promised the same space during the same timeframe
dram shop laws
laws designed to protect individuals who are injured due to the negligence of an intoxicated person
electronic contract
an electronic document with valid electronic signatures that all parties agree is legally binding
electronic signature
a sound, symbol or process attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record
encryption software
a computer application that translates date into a secret code; to read an encrypted file, you must have a secret key or password to decrypt the code
force majeure
an unexpected or uncontrollable event
guest room commitment
rooms to be held open each night of the meeting, specified by room type (single, double, etc.)
hold harmless clause
part of a contract declaring that neithe rparty will hold the other responsible for any damages to or theft of materials or equipment owned or rented by eithe rparty; clause declaring that one party will take responsiblity for damages assessed as the result of another party's actions
indemnified
secured against loss or hurt; held harmless
insurance
legal agreement by which one party guarantees to undertake loss suffered by the other under specific circumstances
acceptance
signature on a contract
Act of God clause
part of a contract that releases both parties from liability in the event that something happens that is out of their control (hurricane, tornado, war)
addendum
an addition to a completed written document; must be signed by all parties to become part of aleagally binding contract
agent
a person acting on the authority of another (the principal)
American Society of Composers and Publishers (ASCAP)
a major US music licensing organization
antitrust laws
federal laws that prohibit one business from monopolizing trade and excluding competitors
arbitration
a procedure devised to resolve a dispute outside of the court system
attrition
reduction of the room block reserved for a meeting; nonfulfillment of the block
authorized signature
signature from a person with the legal power and influence to make a decision; required on all contracts
blanket license
permission granted by aperforming rights society to play any music in its repertoire
Broadcast Music, Inc. (BMI)
a major US music licensing organization
cancellation clause
provision in a contract that specifies penalties that apply if either party terminates or fails to comply with the terms of an agreement
cancellation insurance
policy secured by a facility or organization to provide compensation for income lost due to the cancellation of an event
cancellation policy
written statement of actions that can or will be taken in the event of a cancellation due to a specific circumstance
clause
a detailed section fo a contrac tpertaining to a specific issue