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Types of Contracts

Types of Contracts | Business sports law | Scoop.it
Definition of Types of Contracts in the Legal Dictionary by TheFreeDictionary.com
Grady Zagorac's insight:

A bilateral contract is one between two parties.  One party agrees to do something such as build a wall.  The other party agrees to pay the first party in exchange for the work they have done.  A unilateral agreement is one that involves only one party.  The offeree can not face any punishment if the task is not completed because another party did not clearly accept the agreement.

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Types of Contracts

Types of Contracts | Business sports law | Scoop.it
Definition of Types of Contracts in the Legal Dictionary by TheFreeDictionary.com
Grady Zagorac's insight:

A true implied contract is one that consists of obligations that are mutually agreed upon even though words may have not been spoken or written.  An example would be if you are at a gas station where someone will pump your gas for you. You hand them the money and they pump the gas for you.  Words do not have to be exchanged. 

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Tort Law - Sports Law

Tort Law - Sports Law | Business sports law | Scoop.it
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A tort is conduct that harms other people or their property. Wrong doing against a person and a person may receive compensation for damages. The conduct that is considered a tort may also be a crime. As well as crime can constitute a tort.
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Grady Zagorac's comment, March 5, 2014 9:44 AM
Negligence is when the improper amount of care is shown and harm or damage occurs. The correct degree of care would normally have been shown by a reasonable person in a similar situation. Situations vary from case to case; doctors and athletes would vary from a case such as hitting a farm animal crossing the road.
Grady Zagorac's comment, March 6, 2014 9:31 AM
When the carelessness or negligence is partially responsible for the harm, the defendants compensation may be reduced. That is called contributory or comparative negligence. Comparative negligence states that there will be a comparison between the negligence of the defendant and the plaintiff.
Grady Zagorac's comment, March 6, 2014 9:48 AM
Insurance is a must for anyone especially athletes. Sports insurance policies do not completely protect the athlete from the liability of negligent behavior. However, the insurance company steps in and stands in the shoes of the defendant and pays in accordance to the policy. Student athletes and professional athletes are very wise in purchasing policies that protect them.
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Sports Contracts – Basic Principles - Sports Agents and Contracts - Sports Law

Sports Contracts – Basic Principles - Sports Agents and Contracts - Sports Law | Business sports law | Scoop.it

Via Grady Zagorac
Grady Zagorac's insight:

Endorsement contracts are different. They involve an independent contractor and the contractor.  It grants permission to use things such as an athletes name with a product or service.  There are no set regulations for what players can endorse other than it cannot be alcohol, tobacco, or certain nutritional supplements.  An appearance contract compensates the athlete for appearing somewhere in public setting.

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Grady Zagorac's curator insight, February 23, 2014 8:02 PM

All professional service contracts have a significant common clause. All contract provisions have been established except for salary amounts and contract length.  Contracts must be delicately worded to ensure all policies and procedures are instated to ensure no legal issues come up if something goes wrong.  Good contract drafters will protect their client if such a situation occurred. 

Tami Yaklich's comment, March 3, 2014 9:47 AM
These entries are late!
kevin johnson's curator insight, August 21, 2015 3:36 PM

A great reference sheet for learing of sports contracts

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Sports Contracts – Basic Principles - Sports Agents and Contracts - Sports Law

Sports Contracts – Basic Principles - Sports Agents and Contracts - Sports Law | Business sports law | Scoop.it
Grady Zagorac's insight:

There are 3 types of sports contracts. Professional service contracts, endorsement contracts, and appearance contracts. They are different but similar to each other in some ways. 

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Grady Zagorac's curator insight, February 23, 2014 8:02 PM

All professional service contracts have a significant common clause. All contract provisions have been established except for salary amounts and contract length.  Contracts must be delicately worded to ensure all policies and procedures are instated to ensure no legal issues come up if something goes wrong.  Good contract drafters will protect their client if such a situation occurred. 

Tami Yaklich's comment, March 3, 2014 9:47 AM
These entries are late!
kevin johnson's curator insight, August 21, 2015 3:36 PM

A great reference sheet for learing of sports contracts

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Contract | Wex Legal Dictionary / Encyclopedia | LII / Legal Information Institute

Definition
Grady Zagorac's insight:

A contract is an agreement between 2 or more parties that is bound by law.  It is a compromise between the sides of the agreement stating something will happen as promised by one party.  If said objective is not fulfilled, it is subject to punishment enforced in contract or by law. 

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Grady Zagorac's curator insight, February 23, 2014 5:19 PM

In sports, a contract s between two parties such as an athlete and organization stating that the athlete will play to a certain standard. If they play to that level they will receive payment for it.  If they do no uphold that certain degree, they can be let go or other penalties will occur.

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Antitrust Labor Law Issues in Sports - Sports Law

Antitrust Labor Law Issues in Sports - Sports Law | Business sports law | Scoop.it

Via Grady Zagorac
Grady Zagorac's insight:
Baseball, football, basketball, and hockey have all had legal battles involving antitrust laws. In 1922, the Supreme court held that antirust laws do not apply to baseball. In one of the most controversial decisions of the Supreme Court, they ruled that baseball was held not to involve interstate commerce, even though it was required in the Sherman Act.
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Grady Zagorac's curator insight, February 21, 2014 8:44 AM
NLRB independent federal agency that enforces the NLRA. Conducts elections for employees, and to investigate and remedy unlawful labor practices committed by a labor union or employer. Anyone who wants to petition the NLRB order can petition in the U.S Court of Appeals.
Grady Zagorac's curator insight, February 21, 2014 8:52 AM
Monopolizing is prohibited by the second section of the Sherman Act. A monopoly is when a person enterprise is the only supplier of a certain commodity. However, some types of monopolies are okay such as a newspaper business.
Grady Zagorac's curator insight, February 21, 2014 9:04 AM
In 1998, the NCAA was again found to be in violation of federal antitrust laws when it implemented the REC rule. This rule limited the compensation of assistant coaches in all Division I sports. The rule was enacted as a cost cutting measure. The NCAA was ordered to pay over 22 million that was trebled to 67 million.
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Antitrust Labor Law Issues in Sports - Sports Law

Antitrust Labor Law Issues in Sports - Sports Law | Business sports law | Scoop.it

Via Grady Zagorac
Grady Zagorac's insight:
NLRB independent federal agency that enforces the NLRA. Conducts elections for employees, and to investigate and remedy unlawful labor practices committed by a labor union or employer. Anyone who wants to petition the NLRB order can petition in the U.S Court of Appeals.
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Grady Zagorac's curator insight, February 21, 2014 8:52 AM
Monopolizing is prohibited by the second section of the Sherman Act. A monopoly is when a person enterprise is the only supplier of a certain commodity. However, some types of monopolies are okay such as a newspaper business.
Grady Zagorac's curator insight, February 21, 2014 8:59 AM
Baseball, football, basketball, and hockey have all had legal battles involving antitrust laws. In 1922, the Supreme court held that antirust laws do not apply to baseball. In one of the most controversial decisions of the Supreme Court, they ruled that baseball was held not to involve interstate commerce, even though it was required in the Sherman Act.
Grady Zagorac's curator insight, February 21, 2014 9:04 AM
In 1998, the NCAA was again found to be in violation of federal antitrust laws when it implemented the REC rule. This rule limited the compensation of assistant coaches in all Division I sports. The rule was enacted as a cost cutting measure. The NCAA was ordered to pay over 22 million that was trebled to 67 million.
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Antitrust Labor Law Issues in Sports - Sports Law

Antitrust Labor Law Issues in Sports - Sports Law | Business sports law | Scoop.it
Grady Zagorac's insight:
Clayton Law prohibits a corporation from acquiring stock or assets of another corporation. This act also allows the government or a private plaintiff to obtain an injunction against anti-competitive behavior. The Norris-LaGuardia act was passed in 1932 and allows employees to organize as a collective bargaining units.
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Grady Zagorac's curator insight, February 21, 2014 8:52 AM
Monopolizing is prohibited by the second section of the Sherman Act. A monopoly is when a person enterprise is the only supplier of a certain commodity. However, some types of monopolies are okay such as a newspaper business.
Grady Zagorac's curator insight, February 21, 2014 8:59 AM
Baseball, football, basketball, and hockey have all had legal battles involving antitrust laws. In 1922, the Supreme court held that antirust laws do not apply to baseball. In one of the most controversial decisions of the Supreme Court, they ruled that baseball was held not to involve interstate commerce, even though it was required in the Sherman Act.
Grady Zagorac's curator insight, February 21, 2014 9:04 AM
In 1998, the NCAA was again found to be in violation of federal antitrust laws when it implemented the REC rule. This rule limited the compensation of assistant coaches in all Division I sports. The rule was enacted as a cost cutting measure. The NCAA was ordered to pay over 22 million that was trebled to 67 million.
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Fields of Study-Sport Management

Fields of Study-Sport Management
Grady Zagorac's insight:

The article covers what the job is like, the education requirements needed to be in the field.  It also lists the subfields of sports management jobs and related work experiences. It gives solid information into the sports fields.

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Tami Yaklich's comment, March 3, 2014 9:46 AM
Grady, your paraphrased entry should be much more specific - you are simply providing an overview or summary of the source, which will not benefit you when you build your final presentation!
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Types of Contracts

Types of Contracts | Business sports law | Scoop.it
Definition of Types of Contracts in the Legal Dictionary by TheFreeDictionary.com
Grady Zagorac's insight:

An executed contract is one in which the obligations of both parties have already been completed.  A executory contract is one in which some part of the agreement still needs to be completed. A void contract is one that has no legality associated to it.  A voidable contract is agreed upon but can be stopped or aborted by a party if they feel something is wrong.

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Types of Contracts

Types of Contracts | Business sports law | Scoop.it
Definition of Types of Contracts in the Legal Dictionary by TheFreeDictionary.com
Grady Zagorac's insight:

An expressed contract is one in which the parties agree to the terms orally or in writing at the time of the meeting.  Must be a clearly stated acceptance and offer in writing or orally for the contract to occur.  

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Sports Contracts – Basic Principles - Sports Agents and Contracts - Sports Law

Sports Contracts – Basic Principles - Sports Agents and Contracts - Sports Law | Business sports law | Scoop.it

Via Grady Zagorac
Grady Zagorac's insight:

All professional service contracts have a significant common clause. All contract provisions have been established except for salary amounts and contract length.  Contracts must be delicately worded to ensure all policies and procedures are instated to ensure no legal issues come up if something goes wrong.  Good contract drafters will protect their client if such a situation occurred. 

more...
Grady Zagorac's curator insight, February 23, 2014 7:52 PM

Endorsement contracts are different. They involve an independent contractor and the contractor.  It grants permission to use things such as an athletes name with a product or service.  There are no set regulations for what players can endorse other than it cannot be alcohol, tobacco, or certain nutritional supplements.  An appearance contract compensates the athlete for appearing somewhere in public setting.

Tami Yaklich's comment, March 3, 2014 9:47 AM
These entries are late!
kevin johnson's curator insight, August 21, 2015 3:36 PM

A great reference sheet for learing of sports contracts

Rescooped by Grady Zagorac from Business sports law
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Sports Contracts – Basic Principles - Sports Agents and Contracts - Sports Law

Sports Contracts – Basic Principles - Sports Agents and Contracts - Sports Law | Business sports law | Scoop.it
Grady Zagorac's insight:

The standard player contract is usually in a "boilerplate" form.  That means its the standard wording that can be reused without being changed except for the contract length and salary amount.  The salary amounts are all different and always increasing because it is a competitive environment where franchises compete for athletes. 

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Grady Zagorac's curator insight, February 23, 2014 8:02 PM

All professional service contracts have a significant common clause. All contract provisions have been established except for salary amounts and contract length.  Contracts must be delicately worded to ensure all policies and procedures are instated to ensure no legal issues come up if something goes wrong.  Good contract drafters will protect their client if such a situation occurred. 

Tami Yaklich's comment, March 3, 2014 9:47 AM
These entries are late!
kevin johnson's curator insight, August 21, 2015 3:36 PM

A great reference sheet for learing of sports contracts

Rescooped by Grady Zagorac from Business sports law
Scoop.it!

Contract | Wex Legal Dictionary / Encyclopedia | LII / Legal Information Institute

Definition
Grady Zagorac's insight:

In sports, a contract s between two parties such as an athlete and organization stating that the athlete will play to a certain standard. If they play to that level they will receive payment for it.  If they do no uphold that certain degree, they can be let go or other penalties will occur.

more...
Grady Zagorac's curator insight, February 23, 2014 5:04 PM

A contract is an agreement between 2 or more parties that is bound by law.  It is a compromise between the sides of the agreement stating something will happen as promised by one party.  If said objective is not fulfilled, it is subject to punishment enforced in contract or by law. 

Rescooped by Grady Zagorac from Business sports law
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Antitrust Labor Law Issues in Sports - Sports Law

Antitrust Labor Law Issues in Sports - Sports Law | Business sports law | Scoop.it

Via Grady Zagorac
Grady Zagorac's insight:
In 1998, the NCAA was again found to be in violation of federal antitrust laws when it implemented the REC rule. This rule limited the compensation of assistant coaches in all Division I sports. The rule was enacted as a cost cutting measure. The NCAA was ordered to pay over 22 million that was trebled to 67 million.
more...
Grady Zagorac's curator insight, February 21, 2014 8:44 AM
NLRB independent federal agency that enforces the NLRA. Conducts elections for employees, and to investigate and remedy unlawful labor practices committed by a labor union or employer. Anyone who wants to petition the NLRB order can petition in the U.S Court of Appeals.
Grady Zagorac's curator insight, February 21, 2014 8:52 AM
Monopolizing is prohibited by the second section of the Sherman Act. A monopoly is when a person enterprise is the only supplier of a certain commodity. However, some types of monopolies are okay such as a newspaper business.
Grady Zagorac's curator insight, February 21, 2014 8:59 AM
Baseball, football, basketball, and hockey have all had legal battles involving antitrust laws. In 1922, the Supreme court held that antirust laws do not apply to baseball. In one of the most controversial decisions of the Supreme Court, they ruled that baseball was held not to involve interstate commerce, even though it was required in the Sherman Act.
Rescooped by Grady Zagorac from Business sports law
Scoop.it!

Antitrust Labor Law Issues in Sports - Sports Law

Antitrust Labor Law Issues in Sports - Sports Law | Business sports law | Scoop.it

Via Grady Zagorac
Grady Zagorac's insight:
Monopolizing is prohibited by the second section of the Sherman Act. A monopoly is when a person enterprise is the only supplier of a certain commodity. However, some types of monopolies are okay such as a newspaper business.
more...
Grady Zagorac's curator insight, February 21, 2014 8:44 AM
NLRB independent federal agency that enforces the NLRA. Conducts elections for employees, and to investigate and remedy unlawful labor practices committed by a labor union or employer. Anyone who wants to petition the NLRB order can petition in the U.S Court of Appeals.
Grady Zagorac's curator insight, February 21, 2014 8:59 AM
Baseball, football, basketball, and hockey have all had legal battles involving antitrust laws. In 1922, the Supreme court held that antirust laws do not apply to baseball. In one of the most controversial decisions of the Supreme Court, they ruled that baseball was held not to involve interstate commerce, even though it was required in the Sherman Act.
Grady Zagorac's curator insight, February 21, 2014 9:04 AM
In 1998, the NCAA was again found to be in violation of federal antitrust laws when it implemented the REC rule. This rule limited the compensation of assistant coaches in all Division I sports. The rule was enacted as a cost cutting measure. The NCAA was ordered to pay over 22 million that was trebled to 67 million.
Rescooped by Grady Zagorac from Business sports law
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Antitrust Labor Law Issues in Sports - Sports Law

Antitrust Labor Law Issues in Sports - Sports Law | Business sports law | Scoop.it

Via Grady Zagorac
Grady Zagorac's insight:
The National Labor relations act guarantees employees the right to form a labor union. NLRA prohibits employers from interfering with employees and from discriminating against an employee as a result of the employee's union activity. Good faith bargaining.
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Grady Zagorac's curator insight, February 21, 2014 8:52 AM
Monopolizing is prohibited by the second section of the Sherman Act. A monopoly is when a person enterprise is the only supplier of a certain commodity. However, some types of monopolies are okay such as a newspaper business.
Grady Zagorac's curator insight, February 21, 2014 8:59 AM
Baseball, football, basketball, and hockey have all had legal battles involving antitrust laws. In 1922, the Supreme court held that antirust laws do not apply to baseball. In one of the most controversial decisions of the Supreme Court, they ruled that baseball was held not to involve interstate commerce, even though it was required in the Sherman Act.
Grady Zagorac's curator insight, February 21, 2014 9:04 AM
In 1998, the NCAA was again found to be in violation of federal antitrust laws when it implemented the REC rule. This rule limited the compensation of assistant coaches in all Division I sports. The rule was enacted as a cost cutting measure. The NCAA was ordered to pay over 22 million that was trebled to 67 million.
Scooped by Grady Zagorac
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Antitrust Labor Law Issues in Sports - Sports Law

Antitrust Labor Law Issues in Sports - Sports Law | Business sports law | Scoop.it
Grady Zagorac's insight:

Antitrust is basically structuring a contract in a way to prevent trade or unreasonably limit competition.  It's like creating a sports monopoly. The Sherman Antitrust law prohibits those things from happening.

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Grady Zagorac's curator insight, February 21, 2014 8:52 AM
Monopolizing is prohibited by the second section of the Sherman Act. A monopoly is when a person enterprise is the only supplier of a certain commodity. However, some types of monopolies are okay such as a newspaper business.
Grady Zagorac's curator insight, February 21, 2014 8:59 AM
Baseball, football, basketball, and hockey have all had legal battles involving antitrust laws. In 1922, the Supreme court held that antirust laws do not apply to baseball. In one of the most controversial decisions of the Supreme Court, they ruled that baseball was held not to involve interstate commerce, even though it was required in the Sherman Act.
Grady Zagorac's curator insight, February 21, 2014 9:04 AM
In 1998, the NCAA was again found to be in violation of federal antitrust laws when it implemented the REC rule. This rule limited the compensation of assistant coaches in all Division I sports. The rule was enacted as a cost cutting measure. The NCAA was ordered to pay over 22 million that was trebled to 67 million.
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Sports law | Wex Legal Dictionary / Encyclopedia | LII / Legal Information Institute

sports law: an overview
Sports Law encompasses a multitude areas of law brought together in unique ways. Issues such as antitrust, contracts, and torts are quite common. For further information in these areas see:
Grady Zagorac's insight:

Sports law covers a series of topics. Some of the main themes of the law are contracts, torts, and antitrust.  I will focus on these 3 main themes for my cutting edge topics.  

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