Vendor Contracts: Be Careful Before You Sign On The Dotted Line

It’s the first week back to school and you receive the following three phone calls in quick succession:

• A parent advises you that she does not want to buy expensive apparel from a certain sportswear company for her eighth-grader to play on the school’s basketball team. When you inquire further, you find out the coach signed a sponsorship agreement obligating the players to wear apparel from that company exclusively.