INEOS and New Zealand Rugby Settle Sponsorship Dispute Amicably
Source: news.source.channelnewsasia
New Zealand Rugby and INEOS have successfully resolved their sponsorship dispute, reaching a settlement agreement that both parties find satisfactory. The dispute arose when INEOS attempted to exit a six-year sponsorship contract early, prompting legal action from New Zealand Rugby. The terms of the settlement remain confidential, but both organizations expressed a desire to move forward.
Key Points
New Zealand Rugby and INEOS reached a settlement agreement over a sponsorship dispute.
The dispute began when INEOS attempted to exit a six-year contract early, leading to legal action by New Zealand Rugby.
INEOS cited cost-saving measures as the reason for seeking to adjust the sponsorship.
The settlement details are confidential, but both parties are satisfied with the outcome and wish to move forward.
