Some parts of that draft template document they haven’t released or been reported on make total sense, some of them I am not well-versed enough in to comment on, and other parts I have tons of experience dealing with similar aspects with artists brands media athletes etc. any competent lawyer would never allowed multiple parts kc this happen, especially the arbitrary reason up or down of payments within the terms of an agreement.
Never seen deescalation clause on performance (that would come during a renegotiation), only floors with escalation on performance.
It’s total bull****, and I would say the same thing if we find out the ACC and Miami has those aspects in as well. Any average attorney with a P/NIL knowledge would never allow that in like that
I don’t put my full background out here all the time but let’s just say the things I’m referencing involve people in town and brands you’ve never heard of as well as some of the most talent and brands in the entire world.
For those about to rock…