Common use of Payment Cancellation Clause in Contracts

Payment Cancellation. To book an event at the Museum, a non-refundable deposit of 25% of the rental fee and a $500 refundable damage deposit are required along with this signed agreement. The remaining balance is due 5 business days prior to your event. Written request for a change of date or cancellation must be received by the Museum at least 5 days prior to the scheduled event. Cancellation of the event by the Client 5 days or more prior to the scheduled event will result in all fees refunded except for the non-refundable deposit. Cancellation of the event by the Client less than 5 days prior to the scheduled event will result in forfeiture of all fees and deposits paid. A $500 damage deposit is required upon booking and is fully refundable as long as no damages occur to the Museum and as long as the agreement is not violated. The $500 damage deposit will be refunded to the Client in the form of a check 10 business days or less after the date of the event. The Client is liable for any damage to the Museum facilities and collections as the result of the event. The Client understands that if all conditions specified in this agreement are not met, the $500 damage deposit will be forfeited and further penalties may be assessed. Please refer to the Clean-up Policy on page 6 of this Agreement for more information.