Ric Flair says he signed away his own name in fourteen minutes.
Flair is suing FAM Networks for $10 million, claiming the influencer talent agency took a perpetual license to his name, image and likeness while promising a six-figure monthly revenue stream that never arrived. The Independent obtained the complaint.
What FAM did was simple: it waited until he needed help managing the digital legacy of everything he had built, presented him with a document he was not equipped to understand, told him he had lawyers when he did not, gave him fourteen minutes to read it, and walked away with a perpetual license to his identity.
The suit puts a clock on the signing. Flair received the agreement and signed it at 6:11 PM, fourteen minutes later, with no attorney reviewing a word of it. According to the complaint, the contract contained a recital drafted by FAM stating the deal had been negotiated with counsel.
The money is the second half of the claim.
FAM pledged 50 percent to Flair for ‘collaborative projects,’ and 10 percent for ‘passive content.’ FAM would also restore Flair’s ‘hacked, demonetized’ Facebook page, which it claimed would throw off six figures on a monthly basis. These were not aspirations. They were contractual obligations. FAM delivered none of them. It sourced not one speaking engagement. Not one in-person appearance. Not one personal project at the ninety percent royalty tier. It reposted existing content.
Flair alleges the agency quietly took control of his social accounts and recategorized them in a way that made recovery close to impossible, and that it earned as much as $20,000 a month from his Facebook page while paying him nothing. He puts his own losses at a minimum of $250,000 so far.
He wants the agreement rescinded, the Facebook page returned, a judgment that FAM has no right to his name, image or likeness, and a full accounting of revenue generated in his name. The damages sought include at least $5 million for breach of contract and at least $5 million for fraudulent inducement, alongside claims under New York Civil Rights Law, tortious interference and disgorgement, plus legal costs.
FAM Networks has not publicly responded to the filing.
It is not Flair’s only active case. He and Mike Tyson sued former executives of a cannabis company in December over the use of their likenesses, a suit the defendants’ attorney dismissed as fiction dressed up as a lawsuit.
