I have cancelled legally binding contracts before
it is all about business risk the other party will seek remedy. If you get agreement with them, it is much easier
7 Replies
H
hokieZ71
4y
I promise I’m not try to sound snarky, I just wonder if the massive value of these contracts is going to preclude schools
from agreeing with defectors.
** Edited by hokieZ71 at 7/10/2022, 12:05:30 PM
(In response to this post by LocalExperts)
4y
Lawyers and judges will decide what’s legal or fair.
(In response to this post by hokieZ71)
4y
In federal court you have a right to a jury trial in civil cases. And since these conferences are interstate institutions, it'll probably wind up in federal court, most likely in Greensboro since that is where the ACC is headquartered. How much do you think a Greensboro jury will think is fair if Notre Dame or Clemson decide that they want to break their contractual agreements with the ACC? My guess is, a lot.
** Edited by tarheelblue at 7/10/2022, 1:32:38 PM
(In response to this post by TabbHokie)
4y
and most contacts, specify the venue to challenge and which state law to apply to any disputes. Probably Delaware. That is why venture capitalist force most startups to incorporate there. And if if you incorporate in another state, most contacts apply Delaware law.
(In response to this post by tarheelblue)
4y
(In response to this post by LocalExperts)
H
hokieZ71
4y
Not much will happen. But when the B1G and SEC teams are literally making almost triple what the ACC is making and there’s maybe 10 years left in the contract, it’s going to be much cheaper to leave.
Pry has 3 years to get VT back in the W column, winning the Coastal and making Enter Sandman matter on a prime TV time slot.
(In response to this post by TabbHokie)