First, I want to preface this by saying I am not picking on StockX or trying to say that their Terms and Conditions treat customers unfairly because arbitration provisions like this really are industry standard in almost all online agreements. GOAT, eBay, Amazon and many other sneaker and online retailers have the same language in their […]
Tag: Contracts
Can an Instagram post cost a Yeezy Summer Intern $500,000 or more?
Brands take secrecy and the disclosure of confidential information seriously. One way they do that is to include a liquidated damages clause in their contracts and non-disclosure agreements (NDA). A liquidated damages clause lists a specific monetary amount owed for disclosure. Some companies list an extraordinary large number here in an effort to deter the signee from breaching the […]