Sports law encompasses a multitude of legal areas brought together in unique ways, such as antitrust, contracts, and torts.
Sports law can be roughly divided into the areas of amateur, professional, and international sports...
commercial activities
spot month
A spot month refers to the nearest delivery month for a futures contract. It is the month in which a futures contract matures and delivery is to be made if the contract is not closed out or rolled over to another month.
[Last updated...
stakeholder
In business law, a stakeholder is a party who has an interest and might be affected by the performance and outcome of an entity’s business, project, or enterprise. Common examples of some of a corporation’s stakeholders are shareholders,...
Standard and Poor’s 500 (S&P 500)
Standard and Poor’s 500 (S&P 500) is an index of the 500 largest U.S. public companies. It measures companies’ size by their market capitalization. The S&P 500 is generally seen as a gauge as to how America’s largest companies and...
standard contract
See Adhesion contract.
Standard Oil Co. of New Jersey v. United States (1911)
Standard Oil Co. of New Jersey v. United States (1911) is a U.S. Supreme Court case holding that Standard Oil Company, a major oil conglomerate in the early 20th century, violated the Sherman Antitrust Act through anticompetitive actions, i.e...
standard player contract (SPC)
A standard player contract (SPC) is a Sports Law practice that describes a model or league-standard written agreement between professional athletes and a club, team, organization, etc., outlining the conditions of the relationship. For...
Starker exchange
See 1031 exchange.
Named after T. J. Starker.
[Last updated in June of 2024 by the Wex Definitions Team]
state action antitrust immunity
As explained in Parker v. Brown, 317 U.S. 341 (1943), under the state-action doctrine, state and municipal authorities are immune from federal antitrust lawsuits for actions taken pursuant to a clearly expressed state policy that, when...
statement of change in equity
A statement of change in equity (also referred to as statement of retained earnings) is a business' financial statement that measures the changes in owners’ equity throughout a specific accounting period. It covers the following elements:...