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Event planner Wedding at a vineyard. Event management is the application of project management to the creation and development of small and/or large-scale personal or corporate events such as festivals, conferences, ceremonies, weddings, formal parties, concerts, or conventions.
A wedding planner is a event planner who assists with the design, planning, and management of a client's wedding. Other names include wedding consultant, wedding designer, wedding coordinator, and wedding director. [1] Professional wedding planners are based worldwide but the industry is the largest in the USA, India, western Europe and China.
Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.
The master service agreement serves as a master contract governing the terms over potentially multiple SOWs. Sometimes it refers to scope of work. For instance, if a project is done on contract, the scope statement included as part of it can be used as the SOW since it also outlines the work of the project in clear and concise terms. [3]
Signature - In the signature phase, the contract is signed by whoever needs to sign it in order to become official (who signs the contract is unique to each business). If contract lifecycle management software is used, the signature stage can be done electronically via the internet which drastically reduces the amount of time this stage takes.
A bilateral contract is an agreement in which each of the parties to the contract makes a promise or set of promises to each other. [32] For example, in a contract for the sale of a home, the buyer promises to pay the seller $200,000 in exchange for the seller's promise to deliver title to the property.
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