Armstrong’s Endorsement Contracts and the “Morals Clause”

By Brian Socolow   Lance Armstrong has had a bad fall, and that’s before taking into account the morals clauses in his endorsement contracts.   In late August 2012, Lance Armstrong, seven time winner of the Tour de France, announced that he would no longer contest the U.S. Anti-Doping Agency’s (USADA) allegations that Armstrong and his teammates used performance enhancing drugs in violation of international cycling rules. The following day, USADA stripped him of his Tour de France