Risks of Informal Agreements in Esports

TLDR

• The discussion covers intellectual property, commercial agreements, licensing and the use of mediation and arbitration to resolve disputes without relying entirely on conventional court proceedings.
• This informality may appear efficient when little money is involved.
• A handshake is not an operating system Many esports relationships begin informally.
• An esports organisation should have properly constituted ownership, founder agreements and contracts with key personnel.