Lets say he is the spokesman for a company and gets paid x amount of dollars to do TV and radio ads. Then he leaves for another school so the company no longer wants him as the spokesman. Do they typically pay the money up front and if so does he owe them a pro rated portion back or do they pay it in increments and the contract terminates at the end of incremental period of time?
I am just curious how it works because if I were some of these companies that have agreed to pay him a large amount to endorse my company and he leaves I don't want the old coach on my ads but if you have paid a ton of money I wouldn't want to just scrap those ads and lose all that money either.
I am just curious how it works because if I were some of these companies that have agreed to pay him a large amount to endorse my company and he leaves I don't want the old coach on my ads but if you have paid a ton of money I wouldn't want to just scrap those ads and lose all that money either.