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The following is a checklist of matters to be considered in drafting a contract for the employment of an athlete: Names of parties. Addresses of parties. Statement of hiring. Term of contract. Duties and obligations of athlete. Attendance at training camp. Amount of compensation. Times at which compensation payable.
In the sporting industry, contracts are often made between the player or athlete, the sports organization, and the sports agent. These agreements specify the rights and obligations of the several parties that have engaged in the agreement for the purpose of the professional sports industry.
In general, a player contract provides that an athlete will play for a team for a certain length of time. They also may be required to participate in team-related activities outside the games, such as marketing campaigns and media events.
A sports agent is a legal representative (hence agent) for professional sports figures such as athletes and coaches. They procure and negotiate employment and endorsement contracts for the athlete or coach whom they represent.