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September 22, 2017
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Americas: Penalties Are for Hockey Games, Not Meeting Contracts


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penalties

“‘Penalties’ and ‘damages’ are not interchangeable words, but I see them used interchangeably every day,” says meetings industry attorney, author, and counselor John Foster, Esq., CHME, senior partner with Foster, Jensen, and Gulley. If you want your contract to be enforceable, and avoid potential disputes, you need to know the difference.

The most important difference? Penalties are not enforceable in a performance clause, such as attrition or cancellation; damages are.

Read more at MeetingsNet


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