This form contains such provisions as:
" Employment of Boxer
" Boxer's Compensation
" Manager's Efforts
" Boxer's Compliance
" Exclusivity of Contract
" Training and Travel
" Uniqueness of Boxer's Services
" Official Approval
" Manager's License
" No Waiver
" Governing Law
Title: North Carolina Employment Contract between Professional Boxer and Manager: Types and Key Features Introduction: In North Carolina, an Employment Contract between a Professional Boxer and Manager is a crucial legal agreement that governs the professional relationship and obligations between the boxer and their manager. This detailed description will explore the types and key features of such contracts, ensuring both parties are aware of their rights and responsibilities in this dynamic sports industry. Types of North Carolina Employment Contracts between Professional Boxer and Manager: 1. Exclusive Management Contract: — Defines an exclusive relationship where the boxer's services are exclusively represented and managed by a particular manager. — Specifies the duration of the contract, typically ranging from one to five years. — Outlines the manager's role, including negotiating contracts, arranging fights, handling financial matters, and securing sponsorships. — Highlights the boxer's obligations, such as participating in training, fighting, and promotional activities. 2. Non-Exclusive Management Contract: — Offers more flexibility to the boxer, allowing them to work with multiple managers simultaneously. — Defines the scope of the manager's responsibilities, focusing on specific areas where their expertise is required, e.g., negotiation of contracts or securing sponsorships. — Includes terms related to compensation, termination, and dispute resolution. — Specifies the duration of the contract and any renewal terms. Key Features of North Carolina Employment Contracts between Professional Boxer and Manager: 1. Compensation and Financial Terms: — Clearly outlines the payment structure and method for the manager, typically based on a percentage of the boxer's earnings. — Specifies how expenses will be handled, such as training costs, travel, and promotional activities, which may be the responsibility of the manager or shared between the parties. 2. Term and Termination: — Includes the contract's start date and duration, providing both parties with a clear understanding of their committed time frame. — Addresses termination conditions, such as breach of contract, lack of performance, or mutual agreement to terminate the relationship. — Defines notice periods required for termination and any associated penalties or compensations. 3. Responsibilities and Obligations: — Explicitly outlines the manager's tasks, such as contract negotiation, fight scheduling, marketing and promotion, and managing the boxer's overall career development. — Establishes the boxer's commitments, including training, participating in fights, maintaining fitness and conditioning, and cooperating with marketing efforts. 4. Intellectual Property and Image Rights: — Clarifies ownership and usage rights of the boxer's name, image, and other intellectual property for promotional purposes. — Includes provisions related to endorsements, sponsorships, and merchandise, establishing how revenue will be shared between the boxer and manager. 5. Dispute Resolution: — Specifies the method of resolving disputes, typically through mediation or arbitration, before resorting to litigation. — Identifies the jurisdiction and venue for arbitration or legal proceedings. Conclusion: A North Carolina Employment Contract between a Professional Boxer and Manager is essential for establishing a fair and mutually beneficial working relationship. By understanding the different types and key features of such contracts, both parties can confidently navigate their professional obligations, protecting their rights and achieving success in this highly competitive industry.
