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SEMII

TermDefinition
Handler People 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 period of time
contracts agreements enforceable by law that detail the business transaction
intellectual property the unique works of writers, artists, and musicians that can be protected under copyright law
Lanham trademark act a set of laws that regulate trademarks
trademark infringement Illegal and occurs when one organization copies, counterfeits, or reproduces another company’s trademarks to use for its own profit.
Sherman anti-trust act act passed by congress to regulate commerce
collective bargaining what happens when employees join together as a single unit to negotiate with management.
injunction an authoritative warning or order.
identity misappropriation the unauthorized use of another's name, likeness, or identity without that person's permission, resulting in harm to that person.
ticket scalping selling tickets at inflated prices
option to renew the option to renew the contract
right of first refusal right to refuse the first contract
collective bargaining agreement contract negotiated by a players association
salary cap the maximum amount a team can pay their players
blackout When TV company block a game from a certain area
exclusivity giving exclusive rights or services
free agency a player not bound to a company
lockout a strike by the players or owners to stop games to negotiate contracts
players associations labor unions for athletes in major professional sports
prize indemnity insurance to cover prizes lost in contests
right of privacy right to be private and not have private affairs know
right of publicity an individual to control the commercial use of his or her name, image, likeness, or other unequivocal aspects of one's identity.
trademark a recognizable sign, design, or expression which identifies products or services of a particular source from those of others
Created by: BlakeAlston50
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