Once you achieve the next step in your career and join a professional motorcycle racing team, you will need to review and sign contracts and other legal documents from time to time.
An attorney who was a professional racer himself understands the need to protect your best interests as you move forward in your exciting career.
You may be racing on the local circuit now, but like your fellow motorcycle enthusiasts, you may dream of one day becoming a MotoGP rider. In this elite division of Grand Prix motorcycle racing, top riders have dramatically increased their earnings in recent years. You can look at American racer Colin Edwards as an example. Edwards was earning a yearly salary of $950,000 when he finished 14 in the MotoGP World Championship standings in 2013.
On top of the world
Valentino Rossi, one of the most celebrated motorcycle racers on the planet, has won the MotoGP World Championship nine times since 2003. He owns many other championship titles and in 2016, signed a two-year contract extension with Yamaha. He is said to be the highest paid MotoGP rider with annual earnings of $22 million, including endorsements.
An advocate with racing knowledge
If you have just joined the ranks of professional racers, working with the obligatory contracts and other legal documents may be a new experience for you. On the other hand, if you are a seasoned professional, you may need assistance with a particular issue that has arisen, such as a dispute with your racing sponsor. Fortunately, you can reach out to an attorney who has intimate knowledge of the racing industry, who will understand your concerns and answer your questions. In addition to reviewing and negotiating contracts, your attorney is skilled at litigation should the need arise. You want to ride your motorcycle racing career as far as it will take you, and an attorney with knowledge of the racing world can be an asset in helping you achieve your goals.