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Performance clause/attrition clause
A performance clause is the percentage of flexibility from what's contracted to what's accepted, without any financial restitution. An attrition clause is the additional revenues to be charged if expectations are not met. Some hotels use only one or the other type of clause, while other hotels use both types of clauses.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Convention
- Category: Event planning
- Company: Hilton
- Product:
- Acronym-Abbreviation:
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