In sporting contracts, or in any contract for that matter, there are conditions stipulated in the contract that can provide the individual with benefits, or provide the parties with an 'out' in the contract. These are commonly seen in the sporting world, as they provide players with potential bonuses for reaching particular milestones during the season. On the contrary, they can also terminate a contract if the individual doesn't live up to the expectations of the team and/or the organization as a whole.
This brief blog post will take a look at the definitions of both Conditions Precedent and Conditions Subsequent, and then we will apply them to real-life situations and look at some examples in the sporting world. The hope is that by explaining the topics and applying them to real-life scenarios, I will be able to expand on my knowledge and take the understanding into my own contractual negotiations in the future.
This brief blog post will take a look at the definitions of both Conditions Precedent and Conditions Subsequent, and then we will apply them to real-life situations and look at some examples in the sporting world. The hope is that by explaining the topics and applying them to real-life scenarios, I will be able to expand on my knowledge and take the understanding into my own contractual negotiations in the future.