Legal Briefs: Travel Weekly

Legal Briefs

Tour operators are struggling the mostCaught between clients and suppliers, tour operators are in a bind.

A PPP loan complicates agency saleMany experts are advising that prospective sellers' options are either to postpone the acquisition until there is greater...

Home-based agency can keep ARC appointmentYou can keep your ARC appointment if operating a home-based travel agency is allowed by zoning laws and if you have any needed...

Don't count on waiving of GDS shortfall penaltiesFour four months after 9/11, GDS vendors forgave shortfalls. They may again during this crisis, but don't count on it -- there...

Refunds from consolidators not a givenRights to a refund often come down to a consolidator's terms and conditions and whether a client agreed to them.

Agency deal might not be too good to be trueAn owner wants you to just "take this agency off my hands." Here's what you do.

Future revenue informs agency sale priceA strategy for determining an agency's sale price (hint: don't use cash-flow profits).

Don't expect refund promises to be keptHere are some steps you can take to try to secure the refund a supplier promised your client.

Your disclaimer should already cover Covid-19You don't need a Covid disclaimer, but if you want one, here's what it should contain.

Roadblocks to selling an agency with PPP loanYou may want to delay an agency sale until after Paycheck Protection Program loan forgiveness.

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