Non-refundable Retainer definition
Non-refundable Retainer means the percentage of the SoW or WA paid up front and is non-refundable in the event of Project cancellation or delay greater than six (6) months in the implementation of Phase 1.“Program” means a Customer Care Program.
Examples of Non-refundable Retainer in a sentence
In the event that Client cancels the event less than 60 days prior to the reserved lease date, the Client agrees to forfeit the greater of the Non-refundable Retainer or 25% of the Service Fee plus 100% of all custom orders including custom backdrops, custom props, custom design work, custom wraps, etc.
Paragraph 4 is subject to and modified by paragraph 3, "Nonrefundable Retainer" above.
Liquidated damages shall be charged in the reasonable amount of the full Anticipated Agreement Value, to be offset by the Nonrefundable Retainer.