Cancellation Clause for Hotel Contracts: Protect Against Overpaying
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The Cancellation Clause sets clear financial penalties for canceling an event, with tiered penalties based on how far in advance the cancellation occurs. This clause protects your organization by ensuring that only actual losses are charged, with provisions for the hotel to resell canceled rooms and reduce damages accordingly. It also prevents "double-dipping" by ensuring that if rooms are resold, any overpaid damages are refunded. With a resale provision and clear penalties, this clause helps avoid excessive cancellation fees.
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