Member Library

Letter of Intent 

Uploaded September 1, 2020

A letter of intent (LOI), also referred to as a term sheet, memorandum of understanding, or heads of agreement, is a letter agreement that sets out the principal terms of a transaction.

 

It starts as your initial good faith agreement confirming that the efforts your DMC is putting forth for a program will be considered in negotiations towards a definitive agreement (i.e., an event service agreement or, less often, a master service agreement).

 

Learn more about the letter of intent here.

Waiver of Liability: COVID-19

Uploaded September 1, 2020

This release of liability (also known as a liability waiver) is for DMCs to use when operating or reopening during a pandemic, or other public health emergency involving a significant outbreak of an infectious disease (i.e. COVID-19).

The attendee signs the release of liability to absolve or forgive in advance the DMC of potential claims that the attendee contracted an infectious disease while participating in the event or activity.

 

Learn more about the waiver of liability here.

Indemnification Provision: COVID-19

Uploaded September 1, 2020

The indemnification provision requires the client to agree to reimburse the DMC and any other released parties (e.g., vendors) from any losses incurred related to the disease due to the attendee participating in an event. Ideally, this provision would be used in addition to the waiver of liability.

 

If attendees refuse to sign (or clients refuse to have attendees sign) the waiver of liability, this provision should be included in the event service agreement as an additional protection. In doing so, this can help transfer liability to the client if an attendee later files suit against the DMC because they allege to have been exposed or contracted COVID-19 as a result of the program.

 
 

If you would like assistance customizing any of the above documents to your DMC's particular needs, please contact Paul to schedule a meeting.

Disclaimer. By purchasing any document from the DMC Coalition ("DMCC") library, the DMCC grants you a nonexclusive, nontransferable worldwide right to use the document(s). This right allows you to access, download, use, and edit the document(s) for your personal use. You may not: (i) license, sub-license, sell, resell, transfer, assign, distribute, or otherwise make available to any third-party the document(s) or any of its contents; or (ii) modify, reproduce, or make derivative works based on, referring to, or exploiting the document(s) or its contents, except for modifications to the document(s) for your personal use. All rights not expressly granted to you are reserved by the DMCC.

 

No Guarantee. The DMCC does not guarantee that any document provided is suitable for a particular purpose, or that any document included or referenced is accurate, reliable, complete, or timely. The document(s) included or referenced is/are for information purposes only, and should not be relied upon as legal advice.

 

Not Legal Advice. The DMCC does not provide legal advice or representation. The document(s) is/are not a substitute for the advice of an attorney. 

© 2020 by Cataudella Law, APC

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