Protecting Company And Athlete In Endorsement Deals
Law360, New York (April 16, 2015, 10:52 AM EDT) -- Chandler Parsons, a forward for the NBA’s Dallas Mavericks, does not have to worry about buying basketball shoes. Rather, Parsons, like other NBA players, gets paid to wear certain brand-name shoes. In February 2014, Chinese shoe company Anta announced that it had entered into a five-year endorsement contract with Parsons that would pay him $1 million per year (a total of $5 million). The contract presumably requires Parsons to serve as a spokesperson for Anta and to wear Anta sneakers during his games.
On March 8, 2015, however, after missing the previous seven games with an ankle injury, Parsons took the...
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