Ep.18 - Cancellation and Attrition - Balancing the Risk with Tyra Warner Hilliard

Meeting Architect Podcast

English - May 28, 2019 09:00 - 15 minutes - 21.7 MB
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Previous Episode: Ep.17 - Lost In Translation with Jeanna André-Murdie

Next Episode: Ep.19 - Creating An Impact Through Innovation with Candace Schierling

On this episode, Brenda is joined by Tyra Warner Hilliard, PhD, ESQ, CMP.

Tyra is unique as a lawyer because she has a strong foundation in the hospitality industry. Brenda and Tyra discuss the important things to consider to make the contracts balanced, fair and logical

Discussed In this episode:

Fundamentals of the performance clauses Clauses for rooms, spaces, and food & beverage Dealing with underperformance Loss profit Loss revenue What is fair? Monitoring and tracking

Key Learning: Both parties should be assuming risk. Attrition and cancellation clauses are about compensating the other party when one party has failed to perform or has underperformed.

Connect with Tyra at: tyrahilliard.com

➡️ The Meeting Architect Podcast is proudly brought to you by The Howes Group