Common use of CONVENTIONAL PENALTY Clause in Contracts

CONVENTIONAL PENALTY. In the event of any type of damage (be it material or reputational) to the VENUE, to other EXHIBITORS, THE EVENT owner and THE ORGANIZER, THE EXHIBITOR may be charged a conventional penalty equivalent to the sum of his/her contract fee, as specified in the Exhibitor’s Manual. This penalty will be applied by THE ORGANIZER when bad behavior is not corrected or when called-for measures are not taken. Furthermore, the Contract may be rescinded and THE EXHIBITOR asked to leave THE EVENT. SEVENTEENTH. INTERNAL CONTROVERSIES. Any complaint or disagreement on the part of THE EXHIBITOR in relation to the terms specified in this instrument or the service provided by THE ORGANIZER or any of THE ORGANIZER’s suppliers should be reported in writing to THE ORGANIZER within 15 (fifteen) days of being billed. Once that period of time has passed, it will be assumed that THE EXHIBITOR is happy with the terms contained in the contract and/or the service provided and for that reason has renounced the right to make any claim subsequently. Any complaint or disagreement raised by THE EXHIBITOR with THE ORGANIZER does not excuse the former from making any outstanding payments owed to the latter.

CONVENTIONAL PENALTY. In the event of any type of damage (be it material or reputational) to the VENUE, to other EXHIBITORS, THE EVENT TRADE SHOW owner and THE ORGANIZER, THE EXHIBITOR may be charged a conventional penalty equivalent to the sum of his/her contract fee, as specified in the Exhibitor’s Manual. This penalty will be applied by THE ORGANIZER when bad behavior negligence or willful misconduct is not corrected or when called-for measures are not taken. Furthermore, the Contract this agreement may be rescinded rescinded, and THE EXHIBITOR asked to leave THE EVENT. SEVENTEENTH. INTERNAL CONTROVERSIESTRADE SHOW. Any complaint or disagreement on the part of THE EXHIBITOR in relation to the terms specified in this instrument or the service provided by THE ORGANIZER or any of THE ORGANIZER’s suppliers should be reported in writing to THE ORGANIZER within 15 (fifteen) days of being billed. Once that period of time has passed, it will be assumed that THE EXHIBITOR is happy agrees with the terms contained in of the contract agreement and/or the service provided and for that reason has renounced waived the right to make any claim subsequently. Any complaint or disagreement raised by THE EXHIBITOR with THE ORGANIZER does not excuse the former from making any outstanding payments owed to the latter.