Last April, Nike USA, Inc. filed a complaint against Boris Berian, alleging that the defendant had breached an endorsement contract.
Nike alleged that parties had entered into a Track & Field Contract on June 17, 2015, that ended on December 31, 2015. During this term, Berian was exclusively obligated to endorse Nike athletic footwear and apparel. During the 60-day period before the expiration of the contract, Nike had an exclusive period to negotiate the renewal of the contract. After the exclusive negotiating period ended, Berian could negotiate with third parties. However, for 180 days after the contract expired, Berian had to submit to Nike any third-party offer he received and wanted to accept, and Nike then had 10 business days to “decide whether to enter into an agreement with Defendant on terms no less favorable than the ‘material, measurable and matchable terms’ contained in that third-party offer.”