Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: April 29, 2013
The Firm
201-896-4100 info@sh-law.comIn the wake of the Elvis Dumervil contract fax mishap, the National Football League Players Association has found a solution to ease players’ fears that key paperwork won’t be submitted in time. The NFLPA announced a deal with electronic signature solutions company DocuSign, which will allow draft picks and current players to submit sports contracts and amendments to the league quickly and efficiently.
Players will have full access to the technology, which may help eliminate processing delays and ensure that players meet NFL deadlines when making multimillion-dollar deals with various teams. The NFLPA cited the Dumervil contract fiasco that resulted in an $8 million loss for Denver Broncos player when his agent Marty Magid submitted his restructured contract minutes past the deadline, forcing Dumervil to become a free agent.
While Dumervil has not filed a lawsuit against his agent, he did fire Magid and has since agreed to a contract with the Baltimore Ravens. Access to a fax machine played a role in the disaster, as Magid had to search for a FedEx/Kinkos to review and fax the paperwork quickly.
Given that contract deadlines carry significant implications for players under sports law, the NFLPA said the technology may ensure that players and the league avoid these types of costly mishaps in the future. Players will be able to submit their documents via a mobile device, which can eliminate the hassle of trying to find a computer or other portal.
“Our mission is to support our membership on and off the field in the business of football, and DocuSign provides players an important member benefit,” said George Atallah, assistant executive director of External Affairs for the NFLPA. “With the amount of travel our players do, DocuSign adds value by enabling them to sign anything, anywhere.”
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Corporate transactions can have significant implications for a corporation and its stakeholders. For deals to be successful, companies must act strategically to maximize value and minimize risk. It is also important to fully understand the legal and financial ramifications of corporate transactions, both in the near and long term. Understanding Corporate Transactions The term “corporate […]
Author: Dan Brecher
Ongoing economic uncertainty is forcing many companies to make tough decisions, which includes lowering staff levels. The legal landscape on both the state and federal level also continues to evolve, especially with significant changes to the priorities of the Equal Employment Opportunity Commission (“EEOC”) under the Trump Administration. Terminating an employee is one of the […]
Author: Angela A. Turiano
While filing annual reports may seem like a nuisance, failing to do so can have significant ramifications. These include fines, reputational harm, and interruption of your business operations. In basic terms, “admin dissolution for annual report” means that a company is dissolved by the government. This happens because it failed to submit its annual report […]
Author: Dan Brecher
Antitrust laws are designed to ensure that businesses compete fairly. There are three federal antitrust laws that businesses must navigate. These include the Sherman Act, the Federal Trade Commission Act, and the Clayton Act. States also have their own antitrust regimes. These may vary from federal regulations. Understanding antitrust litigation helps businesses navigate these complex […]
Author: Robert E. Levy
If you’re considering closing your business, it’s crucial to understand that simply shutting your doors does not end your legal obligations. Unless you formally dissolve your business, it continues to exist in the eyes of the law—leaving you exposed to ongoing liabilities such as taxes, compliance violations, and potential lawsuits. Dissolving a business can seem […]
Author: Christopher D. Warren
Contrary to what many people think, corporate restructuring isn’t all doom and gloom. Revamping a company’s organizational structure, corporate hierarchy, or operations procedures can help keep your business competitive. This is particularly true during challenging times. Corporate restructuring plays a critical role in modern business strategy. It helps companies adapt quickly to market changes. Following […]
Author: Dan Brecher
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!