If lawyers are as resourceful as you, perhaps. A semi-clever lawyer would argue that Conor fighting outside of the UFC damages UFC's image as Conor 'prefers' to fight there. If he gets humiliated in the ring, the damage to UFC credibility would be huge! Also the precedent that you can do whatever the hell you want and it will cost you only what you would've earned at the UFC in that time won't work because it would basically make UFC contracts easy and cheap to pay off.... And I'm not even a semi-clever lawyer. Not too mention how weak the UFC would look if they would let Conor get away with it.
Now stop with the replies, I think you have had about 10 valid reasons about why this wasn't a very clever question and people took the time to seriously answer it.