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This agreement (the “Agreement”) is made between the Dallas Mavericks (the “Mavericks”) and the New York Knicks (the “Knicks”) on this [insert date], 2024.
1. Transfer of Player: The Mavericks agree to transfer the professional basketball player, Luka Doncic (“Doncic”), to the Knicks.
2. Consideration: In consideration for the transfer of Doncic, the Knicks agree to pay the Mavericks the sum of $125,000,000 (one hundred twenty-five million dollars) upon the execution of this Agreement.
3. Terms of Transfer: The Mavericks shall promptly provide all necessary documentation and facilitate the transfer process, including but not limited to the transfer of player contracts and any other relevant agreements.
4. Representations and Warranties: Both parties represent and warrant that they have the authority to enter into this Agreement and that the execution and performance of this Agreement do not violate any applicable laws or agreements.
5. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Texas.
6. Confidentiality: Both parties agree to keep the terms of this Agreement confidential and not to disclose them to any third party without the prior written consent of the other party.
7. Entire Agreement: This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.
8. Execution: This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.