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Phoniex
Jul-2007 - Jun-2012
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ChevronTexaco Corporation
Feb-2009 - Nov-2016
Part One: In your textbook you should have noticed that Tiger Woods was the highest compensated athlete in terms of salary and endorsements. However, Woods lost some endorsements for breaches or perceived breaches of his endorsement contracts. Find one example of an endorsement contract that was breached and the reasoning given by the endorser. Please discuss the situation and list your references.
Part Two: Consider the following fact pattern.
Little Jimmy, who is fifteen years old, is a high school football player at Dead End High School. At the start of every football season, the school’s athletic department requires that each student under eighteen years old get parental permission. On the back of the parental permission form, there is a waiver and release clause. The waiver and release clause states:
The risk of injury to my child from the activities involved in these programs is significant, including the potential for permanent disability and death, and while particular rules, equipment, and personal discipline may reduce this risk, the risk of serious injury does exist; and,
I HAVE READ THIS RELEASE OF LIABILITY AND ASSUMPTION OF RISK AGREEMENT, FULLY UNDERSTAND ITS TERMS, UNDERSTAND THAT I HAVE GIVEN UP SUBSTANTIAL RIGHTS BY SIGNING IT, AND SIGN IT FREELY AND VOLUNTARILY WITHOUT ANY INDUCEMENT.
___________________________________ __________________________________
(PARENT/GUARDIAN SIGNATURE) (PRINT NAME)
Date Signed:___________________________________
UNDERSTANDING OR RISK
I understand the seriousness of the risks involved in participating in this program, my personal responsibilities for adhering to rules and regulation, and accept them as a participant.
___________________________________ __________________________________
(PARTICIPANT SIGNATURE) (PRINT NAME)
Date Signed:___________________________________
Little Jimmy’s mother and father are not supportive of Little Jimmy’s decision to play football. Last season, Little Jimmy broke his leg during a game resulting in months of rehab. Because of his parent’s reluctance, Little Jimmy forges his mother and father’s signature. The next day, Little Jimmy hands in the form with the forged signatures. During a game later in the season, Little Jimmy suffers a heart-attack during a game. Thereafter, Little Jimmy’s parents sue the school, arguing that he should not have been playing football and that the school had not insured that he was physically fit to play. The school raises the signed permission form with the release/waiver provisions in its defense. Little Jimmy’s parents argue that they never signed the form.
Please analyze this situation.
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