Common use of Payment and Terms Clause in Contracts

Payment and Terms. Exhibit space cost and payment terms are stated on the front of this contract, and all payments are non-refundable after May 1. In the event of total or partial cancellation (space size reduction) after May 1 by Exhibitor, the booth fee will not be reduced or refunded, and the total amount will be due. If Exhibitor fails to pay the entire booth fee at the times specified, or fails to comply with any of terms and conditions or rules and regulations. Management may reassign/resell the booth to another party. The entire booth fee must be paid in full prior to move-in of the convention. If Exhibitor cancels or breeched this agreement for any reason whatsoever, in addition to whatever right Management may have under applicable law, any payments made by Exhibitor prior to the date of termination shall be retained by Management and Exhibitor agrees that such amounts constitute a reasonable provision for liquidated damages. Exhibitor shall also be liable for any required payments not received as of the date of cancellation or breech of this agreement If the convention is cancelled or not held for any reason whatsoever, then this agreement shall be cancelled. The exhibitor’s sole and exclusive remedy shall be to receive a refund of all amounts actually paid. If, for any reason beyond Management’s control (e.g., act of God, fire, or government mandate), the convention is materially curtailed, Exhibitor shall receive pro-rate refund of fees.