According to a report by ProWrestling.net, the long-term contracts that TNA is offering to some talent contain the usual outs that give the company the freedom to get out of the deal early if they so choose to.
While the contract stipulations do vary, the deals in place include outs that give the company the right to opt out at the end of every year. These out clauses are not exclusive to TNA as WWE has similar out clauses in their contracts as well. The very basis for these clauses is to lock talent in for a long period of time, but also protect themselves in the same process.
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