- Feb 23, 2014
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But they or very least the team have previously limited their contracting competence by contracting themselves into the NHL legal framework, where the only existing allowed form of contract between the team and the players is SPC, and by CBA the SPC will be finalized only after the offersheet procedure is over.A contract is an agreement in which consideration is received by both parties. In the case of an offer sheet. It is an “option” type contract. Both parties are (canes and JK) are bound by the terms and conditions of the offer sheet unless Montreal picks up the Option.
As a retired Contracting Officer, yes I’m going to go Contract Law on this.
The parties have done Actions that are defined in the CBA, which Actions will have the legal consequences to which the team has previously contracted itself with the League. But according to the NHL legal framework they are not currently under a contract with each other.