As if revenue declines weren’t making life hard enough for association leaders, a growing number of executives are now facing the fine print in their hotel meeting contracts, documents which, in many cases, were written years ago and include whopping fees for attendance declines and event cancellations. “Many associations face enormous liability,” said Jerald Jacobs, general counsel to ASAE & The Center for Association Leadership and head of the nonprofit practice at law firm Pillsbury Winthrop Shaw Pittman LLP. “The recession resulted in reduced meeting attendance and the need to cancel meetings [and] most hotel contracts contain stiff penalties for attrition [and]… Read More