Business Law Chapter 4 Contract Assignment You and/ or your partner are to create a contract using the following information. The contract should be typed (12 Times New Roman) or hand written in blue/black ink. The following is a checklist of matters to be used in drafting a contract for the employment of an athlete or entertainer: . Names of parties. . Addresses of parties. 0 Statement of hiring. 0 Term of contract. 0 Duties and obligations of athletefentertainer. o Attendance at training campfrehearsals. 0 Amount of compensation. 0 Times at which compensation payable. 0 Payment of bonus. . Effect of taking bonus or bet on outcome of game. o Board, lodging, and traveling expenses while traveling. - Compliance with rules of the athletic association andfor club. . Covenant not to play for others during term of contract. 0 Covenant not to engage in related activities. o Effect of not being in physical condition. 0 Effect of injuries. o Effect of temporary retirement from active sports or entertainment. o Payment of nes imposed by athletic association or club. o Right of employer to assign the contract. . Right of employer to seek injunction to prevent playing for others. . Use of pictures for publicity purposes. 0 Arbitration or other method of settling disputes between parties. o Option to renew. 0 Termination of contract. 0 Grounds for termination. 0 Procedure for termination. o Incorporation of applicable rules and regulations of athletic association or club into Contract. 0 State's law to govern interpretation of contract. o Effective date of contract. 0 Date of execution of contract. Drafting Suggestions for a SportsiEntertainment Contract The following clauses are pretty standard