liquidated damages and not as a penalty, a percentage of the Total Anticipated Revenue for College’s Event, plus any applicable state and/or local taxes as required by law, calculated as follows: Percentage of Total Amount of Date of Receipt of Cancellation ’s Minimum Cancellation Notice Damages Owed Anticipated Revenue Cancellation between date of signing 10 % of cost = $0.00 and 90 days prior to arrival: 15 % of cost = $0.00 Cancellation between 89 days and 30 days: 20 % of cost = $0.00 Cancellation between 29 and 5. Attorney fees and costs: Should any party be required to bring legal action against the other to enforce the terms and conditions of this Agreement, the prevailing party shall be awarded its costs incurred and expended during any pending litigation, including reasonable attorney's fees. 6. Order of Governance: Both parties agree that the terms and conditions of this Addendum shall supersede the terms and conditions of the Agreement. The Parties execute this Agreement by their duly authorized representatives as of [Effective Date]. TEACHERS COLLEGE, COLUMBIA UNIVERSITY __________________________________________ BY: DATE: [INSERT FULL NAME OF CATERING COMPANY] __________________________________________ BY: DATE:
liquidated damages and not as a penalty, a percentage of the Total Anticipated Revenue for College’s Event, plus any applicable state and/or local taxes as required by law, calculated as follows: Date of ’s Receipt of Cancellation Notice Percentage of Total Minimum Anticipated Revenue Amount of Cancellation Damages Owed Cancellation between date of signing and 90 days prior to arrival: 10 % of cost = $0.00 Cancellation between 89 days and 30 days: 15 % of cost = $0.00 Cancellation between 29 and 20 % of cost = $0.00 5. Attorney fees and costs: Should any party be required to bring legal action against the other to enforce the terms and conditions of this Agreement, the prevailing party shall be awarded its costs incurred and expended during any pending litigation, including reasonable attorney's fees. 6. Order of Governance: Both parties agree that the terms and conditions of this Addendum shall supersede the terms and conditions of the Agreement. The Parties execute this Agreement by their duly authorized representatives as of [Effective Date]. TEACHERS COLLEGE, COLUMBIA UNIVERSITY __________________________________________ BY: DATE: [INSERT FULL NAME OF CATERING COMPANY] __________________________________________ BY: DATE:
Catering-Services-Addendum.docx