Post # 1
My fiance and I pushed out our wedding to 2022. We are looking to lock down the date and will have an amendment with the vendors (photobooth, DJ/MC, and photographer). Do you have any suggestions on what type of language we should add in the amendment given these current times we live in? Does it make sense to add a clause stating that if the vendor files for bankruptcy, that they will refund me the deposit? What do you suggest? I feel like living in COVID-19 times, we should add specific language to protect us. Please let me know, thanks!
Post # 2
When a company files bankrupacy, I don’t think they are obligated to pay any debts, so I am not sure if a clause like that can protect you. You can negoitate paying deposits later towards your wedding date if you are worried. Also, I would add a clause that you can get deposits back if you had to downsize or cancel the wedding due to COVID. (This is something I wish I had :/)
Post # 3
- Wedding: April 2017 - City, State
I would be very surprised if vendors, especially after what they have experienced with Covid, would be willing to agree to that now. I don’t think you’re at all wrong for wanting to put it in there of course, but I can’t imagine vendors agreeing to be on the hook for decisions YOU make (like downsizing or canceling) or for something like going bankrupt (which I think as PP mentioned, in some cases absolves them from paying back debt.)
Certainly doesn’t hurt to ask, I just don’t think you’ll be super successful.