Nature’s Bakery (NB), a company that had never invested in sport sponsorship before, signed a three year, $45.63 million sponsorship agreement with Stewart-Haas Racing (SHR) in 2015. Despite initial optimism between the new partners, by June 2016, the relationship began to erode. In January 2017, NB sent a letter of termination to SHR for violating the agreement. SHR responded by filing a lawsuit against NB for breach of contract, and NB fought back with counterclaims of their own. After airing their diff- erences in the press and in court documents, the parties eventually settled the case...Read more