Now a days people just need a reason to throw an event and the whole occasion becomes glamorous. In recent times many new opportunities and enterprises revolving around the event industry have come up so, the competition is strong. But, if you want to survive the market your start-up should be acclaimed and approved by the government.
Here are a few legal concepts necessary for an event start-up
Vendor Agreement- All event management business involves arranging different elements for a perfect occasion such as invitations, banquet and etc. It is advisable to have a written documentation of all the parties involved in your project according to the scale of the project. Also, each type of agreement needs to factor in specific issues during the negotiation and drafting stage.
Client Agreement- All entrepreneurs are striving to scale up! As the business picks up clientele becomes increasingly exclusive. Exclusive clientele often means big ticket events, which brings along its own set of complications. All this should be tactfully handled under the ‘force majeure’ clause where specific exemption or limitation of liability, for loss or damage caused due to no fault of yours or for instances which are beyond reasonable human control. It is strongly recommended that entrepreneurs should pay due heed to issues like this.
License & Permission- Events often mean revelry, crowd, loud music, alcohol etc. Most of these require a licenses or permits such as NOC, food & beverage license, noise certificate and etc from the police or the concerned govt department. The scale and nature of events converges to the nature of issues involved and the documentation required addressing the same.
All e-commerce enterprises have different needs based on a variety of factors such as the nature of industry, target group, scale of operation, etc. With innovative business ideas being acted upon, it is strongly advised that all start-up entrepreneurs should schedule a brainstorming session with their lawyers to identify the sticky issues and mitigate the same.