Ledley's agent David Baldwin returns from a business trip to South America next week and hopes to meet with Ridsdale personally as both parties hope for a resolution to the contract impasse.
This is especially useful since a secular court would not be permitted to decide acontract dispute, for example, between two parties who had explicitly agreed to adjudicate their disputes according to Jewish law or Catholic canon.
Liquidated damages are set to an amount the parties designate during the formation of acontract for an injured party to collect as compensation upon a specific breach of the agreement.
Both sides agreed a media blackout during the talks, but released a joint statement saying "parties... remain committed to reaching a mutually agreeable contract".
Mentors and mentees meet approximately once a month and together both parties draw up acontract and set specific goals to be met within a defined period of time, from 6 to 12 months.
Since all the partiesto these contracts would like to tailor the contract terms to optimize their profits or minimize their costs, they have a tremendous need to customize the billing and compensation for each relationship.
There is acontract between ESPN and the NCAA. It is entirely legal to require any third parties like advertisers to comply with standards established in an NCAA-ESPN agreement.