Title: Identify purposes, types, and terms of contracts.
Course: Sports and Entertainment Management (12163-II) > Section: Exploring the Legal Aspects of Sports and Entertainment

Identification should include

- reasons for contracts
- types of contracts (i.e., express, implied, unilateral, bilateral)
- aspects of sports and entertainment management that require contracts (e.g., player-team contract, vendor agreements, sponsorship agreements, employment agreements)
- essential elements of a contract.

Process/Skill Questions:

- What are the essential elements of contracts? What are additional elements of contracts?
- What is contractual capacity?
- What are the effects of profit splits?
- What are the key legal considerations when signing a contract?
- What is a performance clause in a contract, and what is its purpose? A behavior clause?