Common use of Event Cancellation Clause in Contracts

Event Cancellation. NCSI, the federal government, the sponsoring/hosting organization, and/or co-sponsoring organization(s), in their sole individual discretion, reserve the right to cancel or postpone this event at any time without any liability for the fulfillment of this contract and all fees paid by Vendor shall, in the sole discretion of NCSI, be either credited to future events or refunded on a prorated basis (less NCSI’s direct costs and reasonable overhead expenses). If the event or any part thereof is canceled or postponed for any reason beyond the control of NCSI such as, but not limited to, damage or destruction to the venue buildings, war, riots, strikes, fire, floods, weather, termination by sponsoring/hosting organization or co-sponsoring organizations(s), acts of government, terrorism, or acts of God, or the breach or termination of the venue contract, then NCSI is not obligated to refund any fees. In any such case, credits from event postponement or cancellation must be used within 12 months of the original postponement/cancellation dates. After 12 months a credit on account will be considered earned by NCSI and non-refundable.