Anticipating a season long lockout, several NBA players signed contracts with teams in the Chinese Basketball Association. Now that a labor deal has been reached, leaving for the NBA won't be easy.
posted by reenum on Dec 2, 2011 - 25 comments

James Frey (previously) wants to create the next Harry Potter or Twilight sensation. And he's hiring an army of anonymous starving authors to write it for him under somewhat unusual terms. Veteran publishing attorney Conrad Rippy said he's never seen anything like it:

It’s an agreement that says, “You’re going to write for me. I’m going to own it. I may or may not give you credit. If there is more than one book in the series, you are on the hook to write those too, for the exact same terms, but I don’t have to use you. In exchange for this, I’m going to pay you 40 percent of some amount you can’t verify — there’s no audit provision — and after the deduction of a whole bunch of expenses.”

posted by scalefree on Nov 12, 2010 - 178 comments

Nine months after Michael Jackson’s death, his estate has signed one of the biggest recording contracts in history, giving Sony, Mr. Jackson’s longtime label, the rights to sell his back catalog and draw on a large vault of unheard recordings.
posted by flapjax at midnite on Mar 16, 2010 - 80 comments

Nate Silver, the proprietor of the fantastic electoral projection site FiveThirtyEight.com, notices that the presidential betting market on Intrade is behaving very oddly: "[S]ome individual trader or some small group of traders are shorting all the Obama contacts in bulk and resetting the entire market. The markets then organically climb back upward until the rogue trader strikes again six or eight hours later." [more inside]
posted by WCityMike on Sep 24, 2008 - 39 comments

Modern contract law, which frames and defines our modern economy, is shaped by old and rather mundane disputes. Consider some of the seminal cases: Hadley v. Baxendale (1854); Hamer v. Sidway (1891); Carlill v. Carbolic Smoke Ball Co. (1892); Mills v. Wyman (1825). These cases, while minor in their actual factual footprint, still shape the world of contracts over a century later. (more about the cases inside)
posted by dios on May 25, 2006 - 32 comments

"You will be naked within 20 minutes of the kids being in bed…You are to do everything that is requested or expected of you, if you do not, you are considered noncompliant." – from Travis Frey's "Contract of Wifely Expectations" which also includes detailed instructions what panties she can wear, what sex acts she must perform, how often and where she must shave and how she can earn "good behavior days." Frey, 33, of Iowa, has been charged with kidnapping his wife.
posted by CunningLinguist on Feb 18, 2006 - 345 comments

Get Me a Faith Healer, STAT!
Marvin Andrews, a Trinidadian and Tobagoan defender with the Glasgow Rangers, sustained damage to his knee that team doctors say requires surgery to repair. He's decided that God will repair him and says that he will continue practicing and playing. This is on the heels of a recent faith-healed groin injury.
The question is this, if a professional athlete refuses to take the advice of the team's doctors and continues to play with an injury, is his team still responsible for his health and well-being? What about paying out his contract if the injury progresses to the point where he can no longer play?
posted by fenriq on Mar 29, 2005 - 19 comments

Simpson stars strike for more 'D'oh!' The voices of the Simpsons are on strike for $360,000 an episode. Seems almost reasonable for such a pop culture phenomenon, but the voiceover work equates to one work day per episode.
posted by BurnedEve on Apr 2, 2004 - 44 comments

Guantanamo is growing
... and a Halliburton subsidiary lands yet another no-bid contract. Its total bill for the U.S. government last year: 1.3 billion. Maybe more
posted by magullo on Aug 28, 2003 - 13 comments

Lockheed Martin beat out Boeing for a $200 Billion contract to build the new F-35 fighters jets earlier today. Missile defense, planes that can take off vertically, bombs that fry electronics...military technology is accelerating at a really frightening pace.
posted by catatonic on Oct 26, 2001 - 36 comments

Is the GPL a binding legal contract? If so, who would be able to (and could afford to) bring necessary legal action against groups who choose to ignore the terms?
posted by milnak on Sep 17, 2001 - 2 comments

It seems Metallica has some high class company. The Cleveland Orchestra has halted distribution of their concerts to about 250 U.S. radio stations because of concerns about streaming audio. The orchestra's contract with its musicians covers radio broadcasting rights of live performances, but not Internet streaming, said Gary Hanson, the orchestra's associate executive director. Does this strike anyone else as strange?
posted by Aaaugh! on Mar 6, 2001 - 11 comments