BAI/Players Agreement BAI/Legal6.
CANCELLATION OF AUCTION
:BAI may postpone, reschedule or entirely cancel the AUCTION for any reason, in its sole andunfettered discretion. Neither BAI shall incur any liability towards the PLAYER on account of such postponement, rescheduling or cancellation.7.
CANCELLATION OF FRANCHISE:
In case, BAI cancel the appointment of the IBL franchise which has purchased the PLAYER’s
services in the AUCTION, then PLAYER shall not be entitled to make any claim against BAI.8.
IRREVOCABLE CONSENT AND LIQUIDATED DAMAGES:
PLAYER acknowledges and understands that, in consideration of the PLAYER’s consent and
undertakings recorded herein, BAI will be finalizing the list of players to be put up in the
AUCTION and will be offering the PLAYER’s services in the AUCTIO
N to the franchisees forbuilding up their respective teams. Should the PLAYER resile from his consent andunderstandings herein, it can seriously delay and disrupt the finalization of the teams and theconduct of the IBPL tournaments, causing a huge loss to BAI.In view of the above, the player confirms that his/her consent and undertaking recorded hereinare irrevocable. PLAYER acknowledges and understands that in the event he/she breaches theterms of this Agreement, he/she shall be liable to pay to BAI, in equal shares, a sum equivalentto three times and base price, as liquidated damages for breaches of the contract. Playeracknowledges and understands that the above amount is a reasonable pre- estimate of damages the BAI shall suffer on account of the PLAYER breaching this contract.9.
REPRESENTATION AND WARRANTIES:
Each party represents, warrants and covenants to the other party that:a)
It has full capacity and authority to enter, execute, deliver and perform this Agreement;b)
It has obtained all licenses, clearance, permissions, approvals or consents from third partiesincluding any regulatory or government body as required by Applicable Laws or regulationsfor the purpose of performing its obligations under this Agreement;c)
The execution of this agreement and the performance of its obligations under thisAgreement and the implementation of terms and conditions contemplate, hereby do notconstitute a breach of any contract, agreement, arrangement or understanding entered intoby it with any third party or any intellectual property rights of any third party;