Pambansang Kamao Manny Pacquiao is getting yet another distraction as he prepare for his upcoming fight with Ricky Hatton. Solar Entertainment Corp. will be seeking legal venues as Pacquiao terminates his exclusive contract with them.
Solar Sports legal counsel Enrique dela Cruz, Jr. announced their plan in a television interview. He also warned third parties of meddling or intervening with contract. Dela Cruz specifically mentioned ABS-CBN in the interview as one of the parties who meddle with their contract with Pacquiao.
Pacquiao already announced his decision that he will give ABS-CBN the exclusive coverage of his fight in recent TV interview.
Solar, through Dela Cruz, said that they will file for breach of contract as they insist that their contract with Pacquiao’s MP Productions is still in effect. Solar said that Pacquiao granted them (Solar Entertainment) the exclusive rights to the audio-visual presentation of all bouts of Manny Pacquiao from May 7, 2009 to May 6, 2009.
Any attempt of Manny Pacquiao to rescind the License Agreement without any factual or legal basis is ill-advised. Solar warned third parties against interfering with their agreement with Pacquiao. “Solar shall avail of all its legal remedies to the fullest extent against any undue breach of and/or tortuous interference with the License Agreement,” Solar added.
Pacquiao, for his part, based his decision to rescind his contract with Solar Entertainment because of the latter’s delayed in the payment of the fees stipulated in the contract.
Solar reported that Pacquiao sent them a letter stating, “This is to inform you of the decision of the undersigned to rescind the subject contract, effective immediately. Despite repeated demands, SOLAR has failed to fulfill its obligation to pay the undersigned the stipulated fees for the subject rights.”
So even as he prepare for his fight in the right with Hatton, Pacquiao could also be preparing for a legal battle as well.
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