Can they tell you anything else?
https://www.upcounsel.com/perpetual-contracts-enforceable
I appreciate this is not uk law and I’m not a legal expert I’m just relaying what I am being told however.
“On the other hand, if an agreement specifically defines an initial term but then states the contract will renew automatically at the end of the initial term unless one or more of the involved parties gives a non-renewal notice before the term expires, it would constitute a
perpetual contract. In scenarios such as this, unless a non-renewal notice is provided by at least one party within the time frame of the initial term, the contract becomes perpetual at the end of the contract's initial term.”
So this apparently means within the terms of the initial contract. I.e the 3 year contract. On the basis he has not been at the club for 3 years yet and a notice has not been provided, Bruce is protected.
The event to which the contract does not automatically renew (within 3 years) has not happened (I.e relegation).
Thus he is contractually allowed to try and mathematically survive with us this season: Thus extending his contract for a further year.
So, what needs to happen is a notice is provided NOW (as it’s under 3 years of the initial contract) and he is then entitled to his 3 year contract pay and the pay for the season in which it is given notice. So theoretically 4 years severance.
I am told this has been agreed. It’s only an extra 2 million anyways.
As for a new manager, **** knows what is happening here?