Why Hire a Lawyer to Handle a Sports Contract?
While sports contracts are contracts, they are truly in a league of their own. Sports contracts are complex, high stakes, and contain many specific and unique terms. In addition to being a far cry from typical contract agreements, no two sports contracts are alike. They also generally involve huge sums of money. The negotiation of these contracts is competitive, and the specific terms can have a huge impact on the career trajectory and earning potential of an athlete. Additionally, sports contracts are generally prepared and negotiated by high-powered, highly experienced lawyers. As much as sports teams have an interest in attracting the best talent, they also have an interest in protecting their own interests and retaining the talent for as long as possible at as low of a cost as possible. This creates a conflict of interest. The only way to ensure that you are getting a fair deal is to level the playing field by having your own high-power legal representation.
Breaches of Contract
Breaches of sports contracts are common. If either side fails to perform any terms of the sports contract and lacks a legitimate legal basis for not doing so, a breach of the contract has occurred. Given the tailored and unique nature of sports contracts, grounds for breach are essentially limitless. For instance, some sports contracts may stipulate specific results in order to guarantee certain bonuses or payments. Contracts may even explicitly require certain results to be achieved, and failing to meet them then constitutes a breach. Contracts may also require certain duties, such as appearing at charity events, completing press conferences, or making public appearances. If these requirements are not met, action for a breach may be commenced. Likewise, a player may include terms such as requiring the team to publicly appear at the opening of their business or philanthropy, which can also constitute a breach if not completed. Depending on the specific circumstances, failing to play or perform as expected, or interfering with the negotiation of other sports contracts can also be grounds for a breach.
Breach of contract matters can be complex, and given the abundant legal representation that most sports teams possess, they can become drawn out and expensive to litigate. It is important that you have your own legal representation to ensure that your rights and interests are protected and to help you navigate the entire process. Remedies for breach of contract can vary depending on the specific terms of the case. In some cases, remedies may even be stipulated in the contract. Generally, remedies can either be specific or monetary. Monetary damages are intended to compensate you for the actual financial damages that you suffered as a result of the breach. For instance, lost wages, lost earning capacity and court and attorney’s fees. Specific damages, on the other hand, involve requiring someone to perform the specific term that was breached. Specific damages can be used where a financial amount would be hard to calculate or attribute to the harm, or where the only way to remedy the breach is to adhere to the term.
Talk to a Sports Contract Law Attorney
If you are in need of representation to negotiate a sports contract or deal with a contractual breach or dispute, contact the experienced sports contract law attorneys at the SG Law Firm and schedule a consultation today.