NASCAR gets handed a 6.2 million dollar lawsuit

     As many NASCAR fans know, NASCAR has the "NASCAR Performance" line of products, ranging from cleaning supplies for you car, to the internal workings of it. Many companies pay NASCAR millions upon millions of dollars for the "NASCAR Performance" logo to be placed on their products. This week though, one partnership that practically ended before it started has been dealt another hand to the sticky situation.

     In October of 2009, NASCAR and Advanced Fluids Solutions, which wanted to market its new EXP4 fuel and oil performance additive in NASCAR's performance line, signed on to pay over 6.2 million dollars over the next seven years to sport NASCAR's logo. This arrangement was suppose to start in 2010, but was terminated in December of 2009. NASCAR says that the company failed to pay the first $500,000.00 dollar payment of the deal by the due date they agreed upon. Due to the breach of contract, NASCAR terminated the contract.
     Advanced Fluids claims that NASCAR did not give them adequate notice of the payment being past due, and had no right to terminate the contract. The company said that they were securing funding when NASCAR decided to terminate the contract, and that they planned to pay NASCAR. The company is fighting to get the sponsorship reinstated with NASCAR.
     NASCAR has publicly said that they were in full terms of the contract to terminate it. The NASCAR organization issued a motion to have the courts dismiss the case before going to trial.
     Advanced Fluids claims that NASCAR waived its rights to have payment constraints, which NASCAR clearly defines as a lie, due to the fact that they have it in their policy not to ever wave any payment options in contracts.
     No dates have been set to determine the status of the case, but NASCAR and Advanced Fluids want to settle the case out of court and as quickly as possible.