WWE, Panini Sever Ties Over Breach of Contract

Companies can go into contracts with each other and end up in disputes over various things. This can lead to lawsuits, breach of contract, fines, and other issues.

World Wrestling Entertainment (WWE) and trading card manufacturer Panini have recently ended a two-year legal dispute. The two companies have reached an agreement and are dismissing the case.

In 2021, WWE and Panini had an agreement that made Panini the sole manufacturer of WWE trading cards. In September, the WWE reportedly severed its ties with Panini due to a breach of contract. WWE claimed that Panini had not engaged in good faith efforts to use the WWE license to create digital trading cards and physical trading card games. The WWE sent Panini a termination notice on August 25, but Panini ignored the notice and continued selling WWE trading cards. There were still two years left on the agreement.

WWE demanded that Panini pay it an undisclosed sum. Panini disputed WWE’s claims and wanted to retain the deal without paying the sum. WWE filed a restraining order against Panini, but that was denied.

The companies’ issues have come to an end. The two sides informed the court on November 21 that they had settled their issues. Both WWE and Panini agreed that all claims and causes of action that they asserted against each other are to be dismissed with prejudice. Each party shall bear its own costs, expenses, and attorneys’ fees. It is unknown if there was any exchange of money. At this time, WWE-related cards and other products are still available on Panini’s website for purchase.

Dismissed With Prejudice

When a court dismisses a court action, they can either do so with prejudice or without prejudice. Dismissing a case without prejudice means that the plaintiff can re-file their case at a later date, as long as they are still within the statute of limitations. This means the defendant is not off the hook just yet.

Dismissing a case with prejudice may seem like a bad thing, but it’s actually a good thing for both sides. It means that the charges are essentially dropped against the defendant. The plaintiff cannot file the same claim again in the same court. Doing so would constitute double jeopardy. Double jeopardy goes against the Fifth Amendment of the United States Constitution. This amendment prohibits anyone from being prosecuted twice for the same crime.

Seek Legal Help

When parties are in an agreement with each other, they need to abide by all the rules. When they fail to do so, it is considered a breach of contract.

A breach of contract can lead to a lawsuit, which can be a lengthy and expensive legal issue. Fort Lauderdale breach of contract lawyer Edward J. Jennings, P.A. can discuss your remedies and legal rights. To schedule a consultation with our office, call 954-764-4330 or fill out the online form.

Source:

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