PAYMENT TERMS AND CONDITIONS

1. Subject of Agreement.
1.1. The Organizer of the Summit shall prepare and hold the summit on arranged dates and in a confirmed location.
2. Form of Participation. Rights and Obligations of the Participant.
2.1. Participant obliges to pay participation fee chosen above.
2.2. The cost of transfer to the place of the event and the accommodation is not included in the cost.
2.3. The Participant shall pay the Organizer 100 % of the participation fee within 7 days of the proforma invoice date.
3. Summit Cancellation.
3.1. In case the Summit is cancelled due to the Organizer’s fault, the Organizer shall be obliged to repay the participant 100% of the amount paid.
3.2. In case the Participant declines his/her participation at the Summit, the Participant shall inform the Organizer about such decline 60 calendar days before the start of the Summit, the Participant shall
be repaid 100% of the amount paid.
3.3. In case the Participant refuses to participate at the Summit, the Participant shall inform the Organizer about such refusal 30 calendar days before the start of the Summit, the Participant shall be repaid 50% of the amount paid.
3.4. In case the Participant refuses to participate at the Summit, the Participant shall inform the Organizer about such refusal 29 calendar days before the start of the Summit, the Participant shall not be repaid any funds paid.
4. Force Majeure.
4.1. In case of force majeure the Organizer is relieved of all obligations.
4.2. Force Majeure includes any circumstances beyond the will of the Organizers.
5. Term of the Agreement and Order of Termination.
5.1. The Agreements comes into eect right after its signing date by both Parties and shall be valid until complete fulllment of obligations by the Parties.
5.2. The Agreement has been executed in two original copies in English language, one copy for each Party. Both copies are equally valid.