FIA Contract Recognition Board
Encyclopedia
The FIA Contract Recognition Board (CRB) is a body set up by motorsports governing body, the FIA
, to determine the legality of driver contract
s and to settle disputes between Formula One
teams over such contracts. The CRB meets in Geneva, Switzerland and is made up of independent lawyers who are considered to be suitably experienced in the law of contract. It aims to decide disputes in a few days, rather than the extended periods a court of law would take.
The CRB was formed after Michael Schumacher
signed to drive for the Benetton team
in , despite having agreed to discuss a contract with the Jordan team
.
Fédération Internationale de l'Automobile
The Fédération Internationale de l'Automobile is a non-profit association established as the Association Internationale des Automobile Clubs Reconnus on 20 June 1904 to represent the interests of motoring organisations and motor car users...
, to determine the legality of driver contract
Contract
A contract is an agreement entered into by two parties or more with the intention of creating a legal obligation, which may have elements in writing. Contracts can be made orally. The remedy for breach of contract can be "damages" or compensation of money. In equity, the remedy can be specific...
s and to settle disputes between Formula One
Formula One
Formula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile . The "formula" designation in the name refers to a set of rules with which...
teams over such contracts. The CRB meets in Geneva, Switzerland and is made up of independent lawyers who are considered to be suitably experienced in the law of contract. It aims to decide disputes in a few days, rather than the extended periods a court of law would take.
The CRB was formed after Michael Schumacher
Michael Schumacher
Michael Schumacher is a German Formula One racing driver for the Mercedes GP team. Famous for his eleven-year spell with Ferrari, Schumacher is a seven-time World Champion and is widely regarded as the greatest F1 driver of all time...
signed to drive for the Benetton team
Benetton Formula
Benetton Formula Ltd., commonly referred to simply as Benetton, was a Formula One constructor that participated from to . The team was owned by the Benetton family who run a worldwide chain of clothing stores of the same name. In 2000 the team was purchased by Renault, but competed as Benetton for...
in , despite having agreed to discuss a contract with the Jordan team
Jordan Grand Prix
Jordan Grand Prix was a Formula One constructor that competed from 1991 to 2005. The team is named after Irish businessman and founder Eddie Jordan...
.