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An event planning contract is a formal agreement between the event planner and the client to set conditions for which event management services are performed. Whether the project is large or small, the structure of the event planning contract is the same.
The purpose of a contract is to protect all parties involved in a specific event or function including the event planner, clients, vendors and venue. Contracts help eliminate miscommunication and provide for options in the event an agreed-upon detail is not performed.
Most event planners price their fees-for-service (the total cost to the client) using a cost plus method. They contract out the labor, supplies and materials involved in producing an event and charge their clients anywhere from 10 to 20 percent of the total cost of the event, with 15 percent being a rough average.
Contractual agreements will itemize your proposed services and secure your clients' word. It ensures that all services, duties, and responsibilities will be followed through professionally, on your side and theirs. Everyone's expectations and responsibilities will be managed with appropriate agreements.
How to Write an Event Planning Contract?Full names and addresses of the client and the event planner.Date and description of the event.Planner duties. Outline all services to be provided in full detail.Payment information.Cancellation.Severability.Signatures of the parties.
The key things to make sure you include in your event planning contracts are services rendered, payment schedule, cancellation and termination clauses, and any other liabilities or rights you want covered.
The key things to make sure you include in your event planning contracts are services rendered, payment schedule, cancellation and termination clauses, and any other liabilities or rights you want covered.
When drafting your event planning contract, be sure to include:A list of services being provided. The agreement should contain clear expectations as to what services are provided and what those services are.Payment schedule.Cancellation terms.Termination clause.Indemnification clause.Cancelation-by-you clause.
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.More items...
Features of Event Management Contract:Payment schedule. The contract and in event planning timeline must set a due date for the initial deposit.Terms for cancellation. In this case, your contract can protect you from monetary loss.Cancellation-by-you clause.Termination clause.Indemnification clause.