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IOC made more demanding contract with Rio 2016


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IOC made more demanding contract with Rio 2016

The contract signed by London 2012 to the Rio concluded by the International Olympic Committee (IOC) chose to tighten the requirements for carrying out the Olympics and Paralympics 2016. The Lancenet! had access to the treaty which usually plaster the host city and makes it hostage to the authorization of an international entity to engage in any act.

The main change to the contract signed on October 2, after Rio elected seat in 2016 in Denmark, was the transformation in the optional payment of an undisclosed amount on revenue from international marketing program of the entity, plus agreements relating to all forms of transmission of the Games.

CONTRACT AND OBLIGATIONS WITH IOC

This value, now optional, it was a payment made by the IOC, regardless of the rights that the host city has already received about all these recipes. And the international body stated in the contract that will make the payment after completion and assessment of the Games.

Another change was accepted by Rio obliged to send to the IOC, three years after the end of the Games, a final report on the impact of implementation of the disputes in the country. This clause requires that the Committee 2016 run for at least another year, because their extinction was due to occur in 2018.

Both Mayor Eduardo Paes as the president of the Brazilian Olympic Committee and the 2016 Organizing Committee, Carlos Arthur Nuzman, who signed the document, no comment. Claimed to be prevented by confidentiality clauses of the contract.

Contract obligations with the IOC

LANCEPRESS!

- The city, the Rio 2016 Organizing Committee (Cojo) and National Olympic Committee (CON, in the case, the Brazilian Olympic Committee) agree to indemnify, defend and hold the IOC, its directors, shareholders, directors, employees, consultants, agents, contractors and other representatives of all payments and other obligations in respect of any damages suffered by IOC, including all costs, loss of revenue, and also the damage that the IOC may have to pay to third parties arising from all acts or omissions of the city, Cojo or CON.

- The legal validity and effectiveness of all agreements entered into by the city, and Cojo CON directly or indirectly related to the Games or the IOC, are subject to prior approval by the IOC.

- Payment of expenses for return travel in economy class, delegations, other, of international judges, referees and other technical employees.

- The Cojo provide oral and written reports in English and French, on the progress of preparations for the Games, including details on the financial perspectives, where the IOC ask.

- The Cojo should organize a program of cultural events in up to three years before the Games begin.

- All press releases issued by the city, or CON Cojo that refer or cite the IOC President, IOC members or administration of the IOC, the IOC should be submitted for prior approval in writing.

- No large public event or private conference or other meeting that may impact the Games will be held one week before or after or during the dispute, without prior authorization from the IOC.

- In case of profits in the Games, they will be divided 60% to be used for the benefit of sport in Brazil that its use may be determined by Cojo or CON, 20% for CON and 20% for IOC.

- The Olympic credential waiver of visa of any foreign country. And grant a work permit from 120 days before the opening and 60 days after the conclusion of the Games.

- The contract is governed by Swiss law. Any dispute concerning the validity, interpretation or performance shall be conclusively determined by arbitration to the exclusion of common jurisdiction of Switzerland or the host country and be decided by the Court of Arbitration for Sport The arbitration will be held in Lausanne, Switzerland.

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