1.
Cancellation Policy:
1.1 Client Cancellation:
If the client wishes to cancel the event management services provided by Yay Events, the following cancellation fees shall apply:
Cancellation made 30 days or more prior to the event date: 20% of the total agreed fee.
Cancellation made between 15 and 29 days prior to the event date: 50% of the total agreed fee.
Cancellation made less than 15 days prior to the event date: 100% of the total agreed fee.
1.2 Force Majeure:
If the cancellation is due to circumstances beyond the control of either party, such as natural disasters, strikes, government
regulations, or other unforeseen events (collectively, "Force Majeure Event"), both parties shall not be liable for any cancellation
fees. However, the client agrees to reimburse Yay Events for any expenses already incurred related to the event.
1.3 Notification:
The client must notify Yay Events of any cancellation in writing. The cancellation shall be deemed effective upon receipt of such
written notice.
2. Payment Policy:
2.1 Deposit:
Upon signing this agreement, the client shall pay a non-refundable deposit of 30% to Yay Events to secure the event management
services. This deposit will be applied towards the total agreed fee.
2.2 Progress Payments:
Yay Events may request progress payments at specific milestones or intervals leading up to the event. The schedule for progress
payments shall be outlined in the agreement.
2.3 Final Payment:
The final payment of the remaining balance is due 15 days prior to the event date.
2.4 Late Payments:
Payments not received by the due date shall accrue late fees at a rate of 5% per month, as allowed under Philippine law.
2.5 Method of Payment:
Payments shall be made via bank transfer or cash deposit to the designated account provided by Yay Events. All transaction fees
shall be borne by the client.
3. Governing Law:
This Cancellation and Payment Policy shall be governed by and construed in accordance with the laws of the Philippines.
4. Agreement:
By signing below, Yaniel Christian Gomez, CEO of Yay Events, acknowledges that they have read, understood, and agree to
abide by the Events Management Cancellation and Payment Policy as outlined herein.
Signature:
Client: _______________________________ Date: _______________
Yaniel Christian Gomez, CEO
Yay Events
Date: _______________
Yay Events
4JHC+235, Buhangin,
Davao City, Davao del Sur, 8000
yayeventsdavao@[Link]