CONTRACT AND EXPAND: THE PITFALLS OF SIGNING A DEAL
It is the time of year that specialist motorsport lawyers are at their busiest. Deals are being done between teams and drivers, and contracts are being drawn up, amended and signed.
While news of a driver signing up for a team is a weekly occurrence over the closed-season, the effort and thought process which goes in to securing those agreements is immense.
Successful saloon racer and motorsport solicitor Sarah Franklin, who operates Sarah Franklin Solicitors in Kettering, is deep in the heart of many of the negotiations which are ongoing. She explains that the landscape for any agreement can be a rocky road.
“Generally a driver’s agreement is essentially a contract between the competitor and the team,” Franklin says.
“These can, therefore, be as simple or detailed as the parties agree. To avoid any problems if and when things go wrong,
