Regarding the exclusive contract between JYJ and SM Entertainment, the court has postponed delivering its final judgment on JYJ’s lawsuit against SM Entertainment.
On September 13, the 47th Civil Court of the Seoul Central District Court announced that it has postponed delivering its final judgment on JYJ’s lawsuit against SM Entertainment about invalidity of JYJ’s exclusive contract with SM. The court was supposed to deliver its final judgment on September 13 at 10:00 a.m., but the justice department advised going to arbitration one more time.
JYJ’s attorney reported, “The justice department advised going to arbitration again. There’s considerable disagreement between the two parties, but the justice department thinks they can reach agreement. Spokespersons for two parties will soon meet again for this.”
SM Entertainment and JYJ have tried to reach agreement since May last year by going to arbitration several times. However, they couldn’t reach agreement, and the case was referred to the court.
They both delivered their opinions last May, but they stood at very different standpoints and referred the case to the court. However, the justice department again advised going to arbitration.
In 2009, JYJ filed for an injunction against SM Entertainment regarding invalidity of their exclusive contract with SM. As the court granted it, SM Entertainment asked the court to affirm validity of the exclusive contract and sued JYJ for damages in April, 2010.
JYJ also filed a lawsuit against SM Entertainment to confirm invalidity of the contract, and the court turned down SM’s lawsuit against JYJ in February last year.
The court’s decision clarified that the exclusive contract between JYJ and SM is invalid.
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