Explain each point mentioned in the question. Please answer in at least 3 pages. Thank you!

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. Statement of hiring. Term of contract. Duties and obligations of athlete/entertainer. Attendance at training camp/rehearsals. Amount of compensation. Times at which compensation payable. Payment of bonus. Effect of taking bonus or bet on outcome of game. Board, lodging, and traveling expenses while traveling, Compliance with rules of the athletic association and/or club. Covenant not to play for others during term of contract. Covenant not to engage in related activities. Effect of not being in physical condition. Effect of injuries. Effect of temporary retirement from active sports or entertainment Payment of fines imposed by athletic association or club. Right of employer to assign the contract. Right of employer to seek injunction to prevent playing for others. Use of pictures for publicity purposes. Arbitration or other method of settling disputes between parties. Option to renew. Termination of contract. Grounds for termination. Procedure for termination. Incorporation of applicable rules and regulations of athletic association or club into Contract. State's law to govern interpretation of contract. Effective date of contract. Date of execution of contract