“It’s going to be a tug of war.”
Learn more thoughts from these meeting professionals and their colleagues from around the world in our “State of the Industry” report in the May issue of The Meeting Professional magazine.
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“For us, future event prep based on the impact of the coronavirus includes revised contract clauses to protect our client events and standard operating procedures to support our team. We are currently working on creating best practices to implement as soon as possible.” Pawntra Shadab, CTA |
“Make sure you are protecting the welfare of your organization and the integrity of your meeting as much as possible and fight for cancellation clauses that allow for more desirable terms and penalties that won’t be as financially impactful should you need to cancel. But it’s going to be a tug of war.” Jim Clapes |
“We will be giving more consideration to force majeure clauses in supplier contracts; there will be an expectation for greater clarity. We will be confirming what specific types of disruptions will be covered in future insurance policies—perhaps a specific rider on pandemics will be warranted. And we will be invoicing our clients more regularly for work completed.” Brent Taylor, CMP, DES, CMM |
MPI Coronavirus Education: Unite for Recovery
