A well executed attrition clause helps protect both the venue and the event
Paying attention to these clauses is key to managing your event and budget. Review how attrition clauses will interact with other parts of the event contract, and be clear on the implications of the attrition clause on your meeting budget in relation to the outlined revenue thresholds.
Ultimately you do not want to be in a position where you need to spend money that is not in your budget nor do you want to pay penalty fees.
How can VENUES help? Read the full article on Attrition Clauses by Darlene Kelly-Stewart, our Sales and Marketing, Senior Meeting Planner - and seek our expert assistance in site selection and contract review.
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