Boxing Contract For A Fight

State:
Multi-State
Control #:
US-01722BG
Format:
Word; 
Rich Text
Instant download

Description

The Boxing Contract for a Fight is a formal agreement between a boxing manager and a boxer, outlining the terms of their professional relationship. Key features include the employment period of the boxer, compensation structure based on a percentage of earnings, and exclusive service conditions. The form mandates that the boxer complies with contracts made by the manager and prevents the boxer from engaging in other exhibitions without permission. It also stipulates the requirement of approval from the relevant athletic commission for validity, ensures the manager is licensed, and provides mechanisms for dispute resolution through mandatory arbitration. This document is especially useful for attorneys, partners, and managers in the boxing industry to maintain clarity in contractual obligations and protect the interests of both parties. Additionally, associates, paralegals, and legal assistants can utilize the form to facilitate the negotiation process, ensuring all legal requirements are met and protecting against potential disputes.
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FAQ

Basically, considering all the categories and federations, the average salary of world champions per fight is between two and five million dollars. Other boxers earn between $22,000 and $51,370 a year. Here are a few examples of how big fights change boxing earnings.

They submit bids for how much they're willing to pay in purses and the highest bidder wins the right to put on the fight. In such cases, the champion usually gets a higher percentage and the challenger a lower percentage and the total purse is simply split between the two by formula.

Boxers typically pay trainers 10 percent of their purse. For example, if a boxer earns $1,000 in a fight, he would pay his trainer $100. A percentage of each purse goes to the boxer's manager as well. The amount varies by state and agreement.

Shocking as it may sound, beginner boxers could earn less than $1000 per fight.

Maybe not as much as a pay-per-view title bout, but lucrative nonetheless with salaries ranging from between $25,000 and a ceiling of around $300,000 per year. A fighter can also earn an extra $5,000 per win during the 12-match schedule.

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Boxing Contract For A Fight