Market unpredictability: Unexpected outcomes occur frequently, meaning event contracts carry unpredictable market risk. Liquidity concerns: Since some event contract markets remain relatively new and untested, they pose some liquidity risks when few active parties are interested in a contract.
An event contract, also known as a prediction or information contract, is a derivative contract whose payoff is based on a specified event, occurrence, or value such as the value of a macroeconomic indicator, corporate earnings, level of snowfall, or dollar value of damages caused by a hurricane.
Event contracts are a type of forecast contract that the Commodity Futures Trading Commission (CFTC) classifies as swaps. Their value depends on whether a specific event happens by a certain time.
When creating your event planner contract, be sure to include the following details: Contact information for both parties. Date and time of the event including an end time. A detailed description of the event. Description of the duties and responsibilities of the event planner. Breakdown of costs and fees.
Here is a list of items you should always include in your event contract: The date of the event. A start time and an ending time for the event. The venue for the event. The number of people expected to attend the event. A detailed description of the services you will provide before, during, and after the event.
Step-by-step guide to writing a post event report Gather data and information. Define the report's structure. Start with an executive summary. Provide an event overview. Evaluate the event's success. Analyse the event's budget. Assess marketing and promotional strategies. Review event logistics.
Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.
Here is a list of items you should always include in your event contract: The date of the event. A start time and an ending time for the event. The venue for the event. The number of people expected to attend the event. A detailed description of the services you will provide before, during, and after the event.