Common use of CANCELLATION AND POSTPONEMENT Clause in Contracts

CANCELLATION AND POSTPONEMENT. A cancellation or postponement is defined as a rescheduling of the production to a later specific date caused or directed by Client or a total cancellation of the project. If the Production Company blocks out a specific period of time with the agreement that it represents a firm commitment from the Client, then the Production Company makes no further efforts to sell the time. If the job is canceled or postponed within the Guideline time frame, it is unlikely that this time can be re-­‐ booked. It should be understood that this time represents the Production Company’s only source of income.

CANCELLATION AND POSTPONEMENT. A cancellation or postponement is defined as a rescheduling of the production to a later specific date caused or directed by Client or a total cancellation of the project. If the Production Company blocks out a specific period of time with the agreement that it represents a firm commitment from the Client, then the Production Company makes no further efforts to sell the time. If the job is canceled or postponed within the Guideline time frame, it is unlikely that this time can be re-­‐ bookedre-­‐booked. It should be understood that this time represents the Production Company’s only source of income.

CANCELLATION AND POSTPONEMENT. A cancellation or postponement is defined as a rescheduling of the production to a later specific date caused or directed by Client or a total cancellation of the project. If the Production Company blocks out a specific period of time with the agreement that it represents a firm commitment from the Client, then the Production Company makes no further efforts to sell the time. If the job is canceled or postponed within the Guideline time frame, it is unlikely that this time can be re-­‐ re-booked. It should be understood that this time represents the Production Company’s only source of income.

CANCELLATION AND POSTPONEMENT. A cancellation or postponement is defined as a rescheduling of the production to a later specific date caused or directed by Client or a total cancellation of the project. If the Production Company blocks out a specific period of time with the agreement that it represents a firm commitment from the Client, then the Production Company makes no further efforts to sell the time. If the job is canceled or postponed within the Guideline time frame, it is unlikely that this time can be re-­‐ bookedre\booked. It should be understood that this time represents the Production Company’s only source of income.