news/cms/202411/29/news-p.v1.20241129.0aa03e5b1e224e09950f03c1072858e5_R.png" data-width="647" data-height="380"/> Enlarge photo New Jeans held a press conference on the 28th and announced the termination of its exclusive contract with Adore. photo| Star Today DB
On the 28th, New Jeans announced that it would terminate its exclusive contract with its agency Adore from midnight on the 29th. However, New Jeans announced that it will not take legal procedures, such as applying for a temporary injunction to suspend the exclusive contract. While Adore refuted this, saying that the exclusive contract is still valid, a lawyer who was a judge expressed his opinion on this.
On this day, New Genes held an emergency press conference at the Space Share Samsung Station Center in Gangnam-gu, Seoul and said, “We will terminate the contract as of midnight today (28th),” and that their agency, Adore, “has neither the will nor the ability to protect New Genes.” revealed.
Member Minji said, “We are terminating (the exclusive contract) because Adore and Hive violated the contract,” adding, “If the contract is terminated, there is no exclusive effect, so there is no obstacle to our activities. “I don’t think there is a need to file a lawsuit, such as a preliminary injunction, because I can continue to work in the future,” he explained.
Immediately after New Genes’ press conference, Lee Hyeon-gon, a former family court judge and CEO of Saeol Law Firm, posted on Facebook, “New Genes is not requesting a preliminary injunction to terminate the exclusive contract. “The most striking part of the press conference is that we will terminate the contract as of midnight today, but we will not file a lawsuit,” he said. “It is an unprecedented method.” This is because if you file a lawsuit for a provisional injunction, you cannot move until a conclusion is reached. “But you can leave without filing a lawsuit,” he said.
He continued, “If this happens, Adore will have to file a lawsuit against New Genes, and New Genes will just have to wait. “Now, no one can stop New Genes from becoming independent,” he said.
Some argued that it would be difficult for New Genes to unilaterally terminate the contract without a lawsuit and leave the agency. Attorney Lee also stated that this was “an incorrect claim.”
news/cms/202411/29/news-p.v1.20241129.3da4a5d290f24ba0acca7ddf2430f8f9_R.jpg" data-width="650" data-height="395"/> Enlarge photo New Jeans announced the termination of its exclusive contract at a press conference. Photo|Star Today DB
Attorney Lee said, “Hive unilaterally notified CEO Min Hee-jin of the termination of the shareholder agreement. “Does it make sense to do it yourself and not let others do it?” he said. “There is a difference between the two. He added, “Hive unilaterally terminated the shareholder agreement without any reason, and New Genes terminated the contract because there was sufficient reason to leave.”
On the 13th, New Jeans members sent a certificate of contents to Adore, an official apology from the manager who told Hani to ‘ignore’, former CEO Min’s return, and a recently released internal idol document at Hive, saying, ‘They threw out New (New Jeans) and sold a new one.’ We requested an explanation and action within 14 days for the inclusion of the phrase, ‘It’s okay to just work it out’.
Afterwards, New Jeans held a press conference and announced that they would terminate their exclusive contract from midnight on the 29th. Regarding the contract termination penalty, he said, “There is no reason to pay the penalty.”
Adore’s side immediately released a statement saying, “We regret planning and holding a press conference without sufficient review before receiving a reply to (Adore’s) content certification.” “Adore did not violate the contract, and unilaterally claiming that trust was broken cannot be grounds for termination,” he countered, adding, “The exclusive contract is still valid.”
If you liked this article, Please click like.
Good good 0
