Contracts

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Contracts

  1. 1. CONTRACTSNot the most exciting, but the most necessary
  2. 2. 2 TYPES OF CONTRACTS
  3. 3. 2 TYPES OF CONTRACTS•University Contract
  4. 4. 2 TYPES OF CONTRACTS•University Contract•Company/Performer Contract
  5. 5. MOST OFTEN SEEN
  6. 6. MOST OFTEN SEEN•Catering
  7. 7. MOST OFTEN SEEN•Catering•Hotel
  8. 8. MOST OFTEN SEEN•Catering•Hotel•Performance
  9. 9. MOST OFTEN SEEN•Catering•Hotel•Performance•Service
  10. 10. MOST OFTEN SEEN•Catering•Hotel•Performance•Service•Agency - Performer + Speaker
  11. 11. WHO IS INVOLVED?
  12. 12. WHO IS INVOLVED?• Event organizerstudent leader
  13. 13. WHO IS INVOLVED?• Event organizerstudent leader• Advisor
  14. 14. WHO IS INVOLVED?• Event organizerstudent leader• Advisor• SIL Staff
  15. 15. WHO IS INVOLVED?• Event organizerstudent leader• Advisor• SIL Staff• As Necessary: • General Counsel • Insurance Administrator
  16. 16. MUST have a contract for anygoods, services or performances where money is transferred or liability may arise
  17. 17. THINGS TO REMEMBER
  18. 18. THINGS TO REMEMBER• Contracts are binding, legal documents
  19. 19. THINGS TO REMEMBER• Contracts are binding, legal documents• Negotiate! Find the best price
  20. 20. THINGS TO REMEMBER• Contracts are binding, legal documents• Negotiate! Find the best price• Read EVERYTHING within the contract
  21. 21. THINGS TO REMEMBER• Contracts are binding, legal documents• Negotiate! Find the best price• Read EVERYTHING within the contract• Review contract with advisor
  22. 22. VENDOR CONTRACT REVIEW
  23. 23. KEY CONTRACT INFO
  24. 24. KEY CONTRACT INFO• W9 form completed by vendor and submitted with contract
  25. 25. KEY CONTRACT INFO• W9 form completed by vendor and submitted with contract• Vendor can’t use University name, logos, etc. for promos
  26. 26. KEY CONTRACT INFO• W9 form completed by vendor and submitted with contract• Vendor can’t use University name, logos, etc. for promos• “Hold Harmless” and Indemnification
  27. 27. KEY CONTRACT INFO• W9 form completed by vendor and submitted with contract• Vendor can’t use University name, logos, etc. for promos• “Hold Harmless” and Indemnification• Liability and Insurance
  28. 28. KEY CONTRACT INFO• W9 form completed by vendor and submitted with contract• Vendor can’t use University name, logos, etc. for promos• “Hold Harmless” and Indemnification• Liability and Insurance• Students CAN’T sign contracts
  29. 29. KEY CONTRACT INFO• W9 form completed by vendor and submitted with contract• Vendor can’t use University name, logos, etc. for promos• “Hold Harmless” and Indemnification• Liability and Insurance• Students CAN’T sign contracts• Vendors sign first, SIL signs second
  30. 30. PERFORMER CONTRACTS
  31. 31. PERFORMER CONTRACTS• Completely different process
  32. 32. PERFORMER CONTRACTS• Completely different process• Some require offer letter first
  33. 33. PERFORMER CONTRACTS• Completely different process• Some require offer letter first• 2% Missouri tax on out of state performers
  34. 34. PERFORMER CONTRACTS• Completely different process• Some require offer letter first• 2% Missouri tax on out of state performers• Will require physical markups
  35. 35. PERFORMER CONTRACTS• Completely different process• Some require offer letter first• 2% Missouri tax on out of state performers• Will require physical markups• Further costs will be incurred
  36. 36. PERFORMER CONTRACTS• Completely different process• Some require offer letter first• 2% Missouri tax on out of state performers• Will require physical markups• Further costs will be incurred• Process timeline is extended
  37. 37. Student presentingcontracts needs to be lead event planner.
  38. 38. Facebook.com/SILatWashU @WUGetInvolved DUC 250

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