[All] Lawyer's view of New Jeans' 'Exclusive Contract Termination Declaration'

A legal expert has given his opinion on the future course of action for the girl group ' New Jeans ' , which announced the termination of its exclusive contract with its agency, Adore .

Recently, the YouTube channel ' Knowing Lawyer ' has a video titled ' New Jeans is power . Kick away the ladder of those in power. '

A video with the title has been uploaded .

In the video, attorney Lee Ji-hoon asks, " What will the future prospects be for New Jeans ?"

"I wonder if New Jeans will be able to continue their activities ?" he asked .

Point 1. If the members want to continue their activities, they must first return the team name ' New Jeans ' and change it ...

" If they are going to be active in the future, they should change their name first, not New Jeans . They shouldn't use their name . What New Jeans is claiming now is that they have legitimately notified us of the termination based on the contract . Then, who owns the copyright as it says in the contract ? Who owns the trademark and intellectual property rights to the name ? Of course, they belong to Adore ," he explained .

The lawyer said, " I know from the article that it is in Adore according to the contract . Then, the name ' New Jeans ' should be returned . That is correct . " He said, "Based on the contract, if it says ' this contract is terminated, ' New Jeans should operate under a new name, not the New Jeans name, which is correct . "

Point 2. The issue of the deposit with Adore

The lawyer also said, " Newzin's side says, ' We have no intention of paying the penalty now, ' but I don't think they really mean it . "

" If you think about it rationally, you would think about paying the penalty . However, since Adore does not cancel the contract, I think they took this strong measure to get the contract to be canceled, " he said .

The lawyer said, " Newzin took this action by taking the risk of a penalty . It seems to be an expression of their strong will to terminate this contract . "

Point 3. Declaration of termination of exclusive contract : A truly dangerous action that can ruin your family

The lawyer said, " I think what Newzin is doing now is unprecedented . "

" If you try to use this method recklessly, you could end up ruined economically . This is something that only the New Jeans, who have already gained enormous power, can do . Not just anyone can do it. It would be a big problem, " he said .

Meanwhile, the five members of New Jeans held a press conference on November 28, 2024 , and announced the termination of their exclusive contract, stating that Adore had violated their exclusive contract . They began their independent activities on the 29th of the same month .

They declared the termination of their contract by not filing an application for an injunction to suspend the validity of their exclusive contract . This is an unprecedented method in the music industry , and it is interpreted as a stepping stone to continue their activities . This is because if they file an injunction suit, they cannot move until the conclusion is reached .

Adore has filed a lawsuit against the five members of New Jeans to confirm the validity of their exclusive contracts . The members of New Jeans are repeatedly claiming that their contracts have been terminated, saying that they have already returned profits exceeding the investment amount to Adore and Hive .

Recently, on December 7th, at the concert of Japanese unit ' YOASOBI' held at Incheon Inspire Arena, the fact that New Jeans, who appeared as guests, did not refer to themselves as ' New Jeans ' drew public attention . Some have interpreted that the members were conscious of what the lawyer mentioned .

ㅁ Conclusion

1. The unilateral 'exclusive contract termination declaration' made by the New Jeans members is truly outrageous.

Only idols with huge fandoms like New Jeans can do it.

If done wrong, it is a risky move that can lead to financial ruin for the artist.

2. The name ‘New Jeans’ will be returned unless permission is given by the agency ‘Adore’.

3. It seems that we cannot avoid paying the penalty to the original agency, and we need to adopt a strategy to minimize it.