Stay Posted with
Reading Time: 4 minutes
So, you are considering upping your game in esports and joining a team. Short of having your own lawyer, what are some of the top five things for you to consider from a legal perspective? In this first of a two part series for Asia Law Network, video games and entertainment lawyer Adrian Kwong shares his views of some things a player might want to note before signing a contract.
I’ll be direct. Your first priority is to read your contract before you sign anything. Make sure you understand what it says, including what you are agreeing to do (and just as important, not do), for how long, and what you get in return.
Do not sign anything that you don’t properly understand (for example, a contract in a language you aren’t confident in), that you feel that you are being rushed into signing (“if you don’t sign it now you will lose the deal”) or where you feel that you will not be able to live up to the terms or where they seem excessive (“if you leave, you will not be allowed to play in any other team for 5 years and must pay a buyout fee of $500,000”).
Once you put your mark on the dotted line, the contract would usually become legally binding, and walking away could result in you being accused of breaching the contract and liable to being taken to court, with all the cost and trouble that could bring.
So what are some key contract areas to look out for?