That still doesn't make any sense though.
If ROH (for example) is where it happens, why would ROH officials honor the contract? What would be the penalty?
You can't strip Punk of the title because by that point he would no longer TECHNICALLY be Champion, he'd just be walking around as the unbeaten Champion, possibly with the actual belt, but it's not like WWE would continue to recognize his reign.
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Thank you, Eddie Guerrero.
http://i.neoseeker.com/n/2/nintendo_quality_seal.jpg