Contract Advisor definition
Examples of Contract Advisor in a sentence
In the event that a Member Club is contacted by a Contract Advisor not registered with the C.F.L.P.A., the Member Club shall notify the C.F.L.P.A. forthwith.
When a Contract Advisor has represented a Player in the negotiation of the Player’s Contract, the Member Club shall include on the Player’s C.F.L. Standard Player Contract the name of the C.F.L.P.A. registered Contract Advisor and the Contract Advisor’s registration number.
Contract Advisor shall not be entitled to receive any fee for the performance of his/her services pursuant to this Agreement until Player receives the compensation upon which the fee is based.
Player shall promptly pay all such expenses upon receipt of an itemized, written statement from Contract Advisor.
Player acknowledges that the NFLPA Certification of the Contract Advisor is neither a recommendation of the Contract Advisor, nor a warranty by NFLPA of the Contract Advisor’s competence, honesty, skills or qualifications.
Further, Contract Advisor is prohibited from discussing any aspect of his/her fee arrangement hereunder with any club.
In performing these services, Contract Advisor acknowledges that he/she is acting in a fiduciary capacity on behalf of Player and agrees to act in such manner as to protect the best interests of Player and assure effective representation of Player in individual contract negotiations with NFL Clubs.
Player also shall reimburse Contract Advisor for all reasonable and necessary travel expenses actually incurred by Contract Advisor during the term hereof in the negotiation of Player’s NFL contract, but only if such expenses and approximate amounts thereof are approved in advance by Player.
The fee to the Contract Advisor who negotiated the new contract shall be his/her fee percentage applied to the new compensation, but only after the new compensation is reduced by the compensation applicable to the original Contract Advisor’s fee as calculated pursuant to the immediately preceding sentence.
However, Player may enter into an agreement with Contract Advisor to pay any fee attributable to deferred compensation due and payable to Player in advance of when the deferred compen- sation is paid to Player, provided that Player has performed the services necessary under his contract to entitle him to the deferred compensation.