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Saturday, April 27, 2019

What to do if presented with a contract

If presented with a contract there are a number of questions you should ask:

What is the term of the contract? How long are you locked in for?
What are your obligations under the contract? What do you have to do?
Are you realistically going to be able to meet those obligations? Are they reasonable?
Is the consideration offered fair? Does the value of the consideration match your obligations?
Are there any restrictions placed on you? What are you not allowed to do?
Do you have an out? Is there a way for you to terminate the contract?
What happens if either party breaches the contract?
Most times Pro athletes are lured,deceived or even coerced into signing a contract prepared by the employer without affording the athlete due consultation with an expert in sports contract. To be continued

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