Nike sues Virat Kohli on breach of contract

According to sources, Nike had extended its five-year endorsement contract valid until 2013 by a year and duly intimated Kohli of this

India has sued its long-time brand ambassador Virat Kohli, alleging breach of an endorsement contract.

According to sources, Nike had extended its five-year valid until 2013 by a year and duly intimated Kohli of this. However, the cricketer had allegedly responded to the company, saying he was "looking at other options".

Nike accused Kohli of entering into negotiations with a rival firm, while it reserved the right to extend its contract until 2014. The current contract is valid from 2008 to 2013, giving the firm a right/option to extend it within the existing contract period.

Before adjourning the case, judge Huluvadi G Ramesh of the Karnataka High Court directed Kohli to maintain status quo for the next four weeks.

Kohli's spokesperson declined comment, as the matter was sub judice. Nike didn't provide any detail on the lawsuit.

Nike has sought an injunction, prohibiting Kohli from negotiating with other brands or signing any deal while under its contract. The company also held the right to claim damages of an unlimited amount, said a source.

image
Business Standard
177 22
Business Standard

Nike sues Virat Kohli on breach of contract

According to sources, Nike had extended its five-year endorsement contract valid until 2013 by a year and duly intimated Kohli of this

Bs Reporter  |  Bangalore 



India has sued its long-time brand ambassador Virat Kohli, alleging breach of an endorsement contract.

According to sources, Nike had extended its five-year valid until 2013 by a year and duly intimated Kohli of this. However, the cricketer had allegedly responded to the company, saying he was "looking at other options".

Nike accused Kohli of entering into negotiations with a rival firm, while it reserved the right to extend its contract until 2014. The current contract is valid from 2008 to 2013, giving the firm a right/option to extend it within the existing contract period.

Before adjourning the case, judge Huluvadi G Ramesh of the Karnataka High Court directed Kohli to maintain status quo for the next four weeks.

Kohli's spokesperson declined comment, as the matter was sub judice. Nike didn't provide any detail on the lawsuit.

Nike has sought an injunction, prohibiting Kohli from negotiating with other brands or signing any deal while under its contract. The company also held the right to claim damages of an unlimited amount, said a source.

RECOMMENDED FOR YOU

Nike sues Virat Kohli on breach of contract

According to sources, Nike had extended its five-year endorsement contract valid until 2013 by a year and duly intimated Kohli of this

According to sources, Nike had extended its five-year endorsement contract valid until 2013 by a year and duly intimated Kohli of this India has sued its long-time brand ambassador Virat Kohli, alleging breach of an endorsement contract.

According to sources, Nike had extended its five-year valid until 2013 by a year and duly intimated Kohli of this. However, the cricketer had allegedly responded to the company, saying he was "looking at other options".

Nike accused Kohli of entering into negotiations with a rival firm, while it reserved the right to extend its contract until 2014. The current contract is valid from 2008 to 2013, giving the firm a right/option to extend it within the existing contract period.

Before adjourning the case, judge Huluvadi G Ramesh of the Karnataka High Court directed Kohli to maintain status quo for the next four weeks.

Kohli's spokesperson declined comment, as the matter was sub judice. Nike didn't provide any detail on the lawsuit.

Nike has sought an injunction, prohibiting Kohli from negotiating with other brands or signing any deal while under its contract. The company also held the right to claim damages of an unlimited amount, said a source.
image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard