BLAW 3230 Lecture : BLAW SPORTS Outline Notes
Document Summary
Not just for athletes, anyone in sports context. Dictated by big four says who can represent the players and the coaches in their league. V. dictating how and when but they do it. Express agency- you are my agent and i will set forth what i want in writing up a contract. Implied agency- appears that people are acting on behalf of others. Vicarious liability- whatever the agent does the represented will be liable for what has been agreed upon. Fully disclosed- party knows that the person is a representative of a specific person. Undisclosed agency- agent will be bound to contract. Mergers in 1990s- allowed them to specialize in sports and types of players. Non-big four sports- must really know the niche market. Exclusivity- required to sign and that they will be your only agent and they can negotiate on your behalf. *fiduciary duties- duty of good faith (taking correct percentages), loyalty, accounting (correctly managing their money), and care.
