Concerts and Special Events:
Changes in Terms & Conditions: statement that a promoter has the right to change or discontinue a feature at any time.
Contract Rider: a document covering the hospitality requirements to be provided to the artist(s) including food, dressing room set up etc.; a document covering the technical requirements to be provided such as lighting, sound, and other technical equipment.
Conventions and Meetings
Call for papers: an invitation to submit topics for a program at a conference; the document that gives detailed parameters to a person as guidance to submit a topic to the review and selection committee.
Cancellation Clause: a section in a contract that details the damages to be paid to the non cancelling party in the event that the other cancels, therefore breaching the contract. This term is also used in the concert and special events industry.
Associations and Nonprofits
Corporate Foundation: a foundation that is a separate from but maintains close ties to a donor for profit company.
Challenge Grant: money paid only if the receiving organization is able to raise additional funds from other sources. These grants are designed to encourage giving from other donors. The may take the form of matching 1 to 1 or a multiplier such as 2 or 3 to 1.
Insurance
Commercial Lines: insurance coverage for businesses, professional organizations or commercial institutions.
Comprehensive general liability: also known as commercial general liability; that is the bare minimum that covers third party claims for bodily injury to property damage, the stand limit is $1 million per occurrence and in the aggregate.
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