UNIT OF COMPETENCY:DEVELOP BUDGETS,

CONTRACTS, PERMITS AND LICENSES

___________________________________________________________________

BUDGETS, CONTRACTS, PERMITS

AND LICENSES
Learning Objectives:
1. Discuss the importance of developing contracts
2. Identify the components of contracts
3. Discuss the importance of permits and licenses in MICE/Event
CONTRACTS – is an arrangement between two or more competent parties which is noted by a legal witness,
usually lawyer. A contract defines the rights and duties of the contracting parties and should be a clear roadmap
of the expectations and responsibilities of both parties.

It is a legal document binds the event management company and client if the event is being organized for
another company or an association. It is also legal documents that binds the event management company with
the hired contractors and suppliers that provide the necessary services or equipment to run an event.

Reasons:
1. Protect your legal interest
2. To abide ethical practices
3. To ensure the safety and security of your event stakeholders
4. To protect your financial investment
PARTIES
OFFER
CONSIDERATION
ACCEPTANCE
TERMS
CANCELLATION
FORCE MAJEUR (ACT OF GOD)
ARBITRATION KEY COMPONENTS OF AN EVENT MANAGEMENT
BILLING AGREEMENT OR CONTRACT
TIME IS OF THE ESSENCE
ASSIGNMENT
INSURANCE
HOLD HARMLESS AND
INDEMNIFICATION
REPUTATION
COMPLETE AGREEMENT
RIDER
ECO RIDER
CHANGES TO THE AGREEMENT
TERMS AND SEQUENCE OF
EXECUTION
 …………………………. PERMITS……………………………

Are issued by local, state, provincial or federal government agencies and allows you to conduct
certain activities at your event. A permit may be issued only after you have submitted the appropriate
documentation and have paid a fee.

Typical event planning permits and where to obtain

PERMIT SOURCE
Bingo Lottery or gaming department
Customs Revenue and customs office
Food Handling Health department
Lottery Lottery or gaming department
Occupancy Fire department
Parking Transportation and parking department
Park use Park department
Public Assembly Fire department
Pyrotechnics Fire department
Sales Tax Revenue or tax collector office
Signs and Banners Zoning department
Street Closing Transportation and parking department
Visas Consulate or embassy
 …………………………. LICENSING……………………………
is granted by a governmental institution, a private organization, or a public entity to allow you to
conduct a specific activity. The difference between a permit and license may be slight in some
jurisdictions.

INTELLECTUAL PROPERTY
The event Intellectual Property is protected under trademark law, design law, copyright law and
consumer protection law.

Copyright and related rights. Copyright law offers a number of exclusive rights to creators of
original works. These include the rights of reproduction, distribution, public performance,
communication to the public, broadcasting on radio and television, and making the work available on
the internet, among others. Rights owners alone can authorize or prevent such acts. However, while
copyright confers the exclusive right of adaptation of a protected work.

Brands and trademarks. Abusive use of a festival’s logo and the sale of fake arts and crafts are
serious threats that can be tackled in large part by registering a trademark and/or certification mark.
Trademark registration generally confers the exclusive right to prevent others from producing or
marketing identical or similar products under the same or a confusingly similar mark. They are also
better equipped to defend themselves against cybersquatting (the abusive registration of their mark as
a domain name), thereby safeguarding their web presence, a powerful means of marketing the fest
 UNIT OF COMPETENCY:DEVELOP BUDGETS,
CONTRACTS, PERMITS AND LICENSES
___________________________________________________________________

BUDGETS, CONTRACTS, PERMITS

AND LICENSES
Learning Objectives:
1. Discuss the importance of developing budgets and contracts
2. Identify the components of contracts
3. Discuss the importance of permits and licenses in MICE/Event