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SEM II voc 1.01&1.02

TermDefinition
Handler Peoples sponsors pay to work closely with athletes who are unable or unwilling to police themselves.
Adviser Financial and business counselors for celebrities.
Non-Compete Clause Prohibits a person from working in a competing business for a specific amount of time.
Contracts Agreements enforceable by law that detail the business transaction.
Intellectual Property The unique work of writers, artists, and musicians that can be protected under copyright law.
Lanham Trademark Act Laws that regulate trademarks.
Trademark Infringement when organizations copies, counterfeits, or reproduces a company's trademark for use of its own profit.
Sherman Anti-Trust Act Passed to regulate commerce between states.
Collective Bargaining Employees join together as a single unit to negotiate with management.
Injunction An authoritative warning or order.
Identity Misappropriation Unauthorized use of of a name.
Ticket Scalping Selling tickets at inflated prices.
Option to renew Option to renew a contract.
Right of First Refusal Right to refuse the first contract.
Collective Bargaining Agreement When players get together as a whole to negotiate with team owners.
Salary Cap Rule that places a limit on the amount of money that a team can spend.
Blackout When a TV company blocks a game from a certain area.
Exclusivity Special right to limited people.
Free Agency When a players' contracts end and they are no longer tied to a specific team.
Lockout Temporary stoppage of play to come to contract negotiations
Players' Association Organization representing pro athletes.
Prize Indemnity Insurance covering loss of money from prize winnings.
Right of Privacy Right to be private and not have private affairs known.
Right of Publicity Right to control the commercial use of their name, image, and likeness.
Trademark A symbol, word, or words legally registered to a company or contract.
Created by: colbyallen
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