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Promotions and the Use of Exclusive Fighter Agreements in MMA
Promotions and the Use of Exclusive Fighter Agreements in MMA |
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MMAcca
Heavyweight Champ
Career record: 944-552
Season: 20-4 (#104)
Location: North East of England
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Promotions use exclusive fighter agreements to carefully and comprehensively describe the rights and responsibilities of fighters under contract with the organization. Generally, these exclusive agreements address key business conditions a promotion wishes to clearly define in the event the conditions are not met. Promotions are big businesses and the sophistication of their business agreements reflect this reality.
MMA business is no longer based on a handshake. In fact, in many instances, the exclusive fighter agreement is just one of several a promotion will use. Bout agreements and standard fighter contracts governed by state athletic commissions and/or other governing bodies are also used to strictly define the roles of the parties, the term of the business agreement, the scope of the deal (which can be very broad) and the consequences for breach. Following are just some of the key provisions one could expect to find in an exclusive fighter agreement:
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Post #1 5/19/09 1:55:43PM
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