Title: Identify purposes, types, and terms of contracts.
Course: Sports, Entertainment, and Event Management > Section: Exploring the Legal Aspects of Sports, Entertainment, and Event Industries

Identification should include

- purposes of contracts
- key components of a contract
- types of contracts (i.e., express, implied, unilateral, bilateral, executed)

- situations in sports, entertainment, and events where contracts are essential (e.g., player-team contract, vendor agreements, sponsorship agreements, employment agreements)
- the value of using contracts to protect all parties involved
- the risks associated with the absence of contracts.

Process/Skill Questions:

- What are the core requirements for a contract to be enforceable?
- What important legal factors should be reviewed before signing a contract?
- What is a performance clause in a contract, and what is its purpose?
- What is a behavior clause?
- How does a contract benefit the parties involved?
- Which types of contracts are commonly used in business?
- What role do contracts play in protecting the rights and responsibilities of all parties?
- Why is the absence of a contract risky in business or professional dealings?