Legal Question in Business Law in New York

Re: Business transactions

As a matter of good marketing practice, you should probably keep at least a listing of your events, but I know of no law that requires you to maintain this list.

By all means you should keep track of your current "holds." These mature into full events, and you will need to have the promised space available for the customer. If you put a time limit on the hold within which the customer must confirm and sign the contract, as most event venues do, and the customer does not confirm within the time limit, then, of course, it's fine to release the hold.

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