contract for event planner

contract is

• a document for employees that allow them to have their salary

• an agreement that set responsibility

• big venue for event

• open class for big number of students

Answer explanation

contract is a

An agreement that sets out the responsibility between 2 or more parties with consideration (something of value / payment) that is legally binding.

consideration mean

• an exchange of some benefit

• big event

• amount of money

• exchange of cars

PARTIES

• Clearly state the names and details of those in agreement

• groups of students work in one task

• exchange of benefit

• big event

acceptance

• signing out the agreement

• exchange of benefit

• attending the event

• big event

value of consideration

• payment

• exchange of car

• exchange of some benefit

• big event

disclaimer

• exchange of some benefit

• pay different that agreed

• lack of responsibility

• attending the event late

risk of not having a contract is

• not having a good payment

• a court may not enforce the contract

• having more guests in the event

• pay more to contractor than what agreed for

benefit of having contract

• exchange of cars

• evidence

• having more profit

• exchange of benefit

a firm fixed price contract

• price doesn't includes in the contract

• price includes in the contract

• pay more to the contractor

• pay less to suppliers

Cost Reimbursement Contracts

• the cost determine before starting in the event

• the customer pay more what agreed for

• the cost is less than expected

• the cost to be paid is determined after the service is done