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ADOR files lawsuit to verify the validity of exclusive contract with NewJeans
Dec 05, 2024•over 1 year ago
Contract Type
contract
South KoreaMusicDescription
On December 5 KST, ADOR officially announced that it has filed a lawsuit with the Seoul Central District Court to verify the ongoing validity of its exclusive contract with NewJeans. The lawsuit aims to clarify that an exclusive contract between a company and artists cannot be unilaterally terminated based on one-sided claims.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months