Common use of Cancellation by the Exhibitor Clause in Contracts

Cancellation by the Exhibitor. In the event that an Exhibitor wishes to cancel his participation in the Event the following will apply: Cancellation more than 120 calendar days prior to commencement of Event: refund of up to 50% of sums paid, less an administration fee to cover any costs already incurred by Torch Marketing, only if Torch Marketing is able to re-sell the booking allocated to a cancelling Exhibitor to another Exhibitor. Cancellation less than 120 calendar days but more than 60 calendar days prior to commencement of the Event: refund of up to 25% of total price only if Torch Marketing is able to re-sell the booking allocated to a cancelling Exhibitor to another Exhibitor. Note – if payments up to the time of cancellation amount to less than the amount refundable of the total price, the difference between that paid to date and 75% of the total price will become payable with immediate effect. Cancellation 60 calendar days or less prior the commencement of Event: no refund and all outstanding sums become payable with immediate effect.

Cancellation by the Exhibitor. In the event that an Exhibitor wishes to cancel his participation in the Event the following will apply: Cancellation more than 120 calendar days prior to commencement of Event: refund of up to 50% of all sums paid, less an administration fee to cover any costs already incurred by Torch Marketing, only if Torch Marketing is able to re-sell the booking allocated to a cancelling Exhibitor to another Exhibitor. Cancellation less than 120 calendar days but more than 60 calendar days prior to commencement of the Event: refund of up to 2550% of total price only if Torch Marketing is able to re-sell the booking allocated to a cancelling Exhibitor to another Exhibitor. Note – if payments up to the time of cancellation amount to less than the amount refundable 50% of the total price, the difference between that paid to date and 7550% of the total price will become payable with immediate effect. Cancellation 60 calendar days or less prior the commencement of Event: no refund and all outstanding sums become payable with immediate effect.