Saturday, December 8, 2007

Yuvraj versus Talent management company

Star cricketer Yuvraj Singh can negotiate a fresh contract with a new talent management company and his current agency, Percept, can not stop him from doing so, observed the Bombay High Court.

Currently, he is bound by a contract with Percept Talent Management Agency. This contract will expire on December 11.

However, he has already started negotiations with another talent management company. Percept had moved the High Court, saying that the existing contract had a "first refusal clause", which means he could not have a fresh agreement with a new talent management companies unless Percept had a chance to offer him better terms.

But Justice Dhananjay Chandrachud, in an order late last evening on Saturday, held that such a clause amounted to restraint on trade, which is not permissible under the Indian Contract Act.

Percept had asked the star for details of the contract that he was negotiating with another talent management companies.

His lawyer however assured the High Court that he would sign the new contract untill December 11.