Sunday, September 14, 2008

Great New Article on Morals Clauses

I've always found morals clauses in player and endorsement contracts to be interesting. Morals clauses give the employing team/company the right to suspend or terminate a contract with a player who engages in "immoral" conduct. Defining what counts as "immoral" can vary considerably by contract; sometimes a criminal conviction is required, other times just an arrest, and still other times non-criminal, yet embarrassing behavior can count (such as someone getting drunk at a charity function).

Brian Socolow, a partner at Loeb & Loeb in New York City, has a new article out on morals clauses entitled "What Every Player Should Know About Morals Clauses." It's a terrific read -- I recommend checking it out.

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