Legal considerations surrounding contracts in professional sports include negotiation, exclusivity, termination clauses, and compliance with league regulations. Contracts typically outline the terms of an athlete's compensation, duration of the agreement, and duties or responsibilities. Additionally, agents play a crucial role in representing athletes' interests, ensuring that contractual obligations are fair and beneficial. Issues may arise regarding endorsements, intellectual property rights, or dispute resolution, necessitating a comprehensive understanding of law and regulatory frameworks unique to the sports industry.