Football: Legal Effect of a Frustrated Transfer Agreement by Adekanmbi Subomi
Football Clubs enter into contractual Agreement regularly, such as Sponsorship agreement, Kit supply agreement, Broadcast deals, Transfer agreement. A contract is defined as an agreement between two or more contractual parties. It involves acceptance of an offer with an intention to enter into a binding legal relation and furnishing consideration for the goods or services rendered.
A contract is considered to be performed when all parties to it perform all obligations incurred while Breach of Contract, on the other hand, is when either of the parties performs differently from the agreement or defectively or not at all. A contract is discharged by frustration when due to unknown circumstances or change of circumstances after the Contract was made there is a breach which is not the fault of either of the parties but renders the Contract impossible to perform anyway, depriving it of its Commercial purpose.
