07-22-2004, 03:22 AM
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#102 (permalink)
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| Guest | Re: Lance for number 7?
On 22 Jul 2004 03:12:12 GMT, hunrobe@aol.com (Hunrobe) wrote:
>>Bonehenge Keep_it_in_the_newsgroup_please@aol.com
>
>wrote:
>
>>>I think he's already said he will continue to race...
>>
>>I was under the impression this was in the Discovery Channel
>>sponsorship contract.
>>
>
>I'm no lawyer, contract or otherwise, but I'd be amazed if any multimillion
>dollar *team* sponsorship contract had anything like an ironclad "if this one
>guy doesn't race, we don't pay" clause. What fool would sign a contract with a
>clause like that? Besides, how could they possibly enforce it?
The same way race car sponsors collect monetary reparations if a team
doesn't meet stated criteria? Many of those sponsorships are based
on who's driving the car, usually with advertising and public
appearances designed around the star.
It's as easily enforced as any other clause. Break it and the sponsor
doesn't pay, or the sponsor pays less. Who says a sponsorship
contract requires 100% payment up front?
Barry
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