APPENDIX 2 - Euroleague Basketball

tickets has increased during this two-season period.
g) In the country where the Club has its headquarters,
reasonable expectations about audiovisual rights sales are
not fulfilled with reference to the Club. Said expectations
must be established in the Euroleague Business Plan,
which will be subject to the approval of the General
Assembly.
This rule will not be applied to those Clubs that have
participated for less than three seasons in the Euroleague.
h) The conduct or omission of the Club, its owner(s) or
manager(s) or any person(s) acting for the Club, is or
becomes seriously detrimental to the image and standing
of EP, ECA, the Company, the Euroleague or other Clubs
participating in the Euroleague (including but not limited
to any action incompatible with basic values of sports and
ethics);
i) The Club has been formally declared bankrupt or insolvent
by a competent body in its home country or has entered
into liquidation or dissolution.
j) The Club does not cooperate with the utmost diligence
and in good faith with any governing body or
representative of the Euroleague, EP, ECA or the
Company or any of their successors or assignees.
In addition to the cancellation or suspension of the Licence Contract,
EP may claim any damages related thereto.
14. The Club shall not in any way assign or transfer this Licence Contract
or the related licence to any third party nor shall assign or transfer to
any third party the rights and duties arising hereunder, without the
prior written consent of the General Assembly.
To grant the authorisation established in the paragraph above, the
General Assembly will take into account if the operation in question
guarantees the compliance with the Euroleague Bylaws, and if it is
beneficial for the Euroleague, for the promotion of basketball and for
the commercialisation of the Euroleague properties.
15. This Licence Contract shall be governed by and construed in
accordance with the substantive law of Switzerland.
All disputes arising out of or in connection with this Licence Contract,
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