What progress is FSU making in court vs the ACC?

Tarun Sharma, Conduct Detrimental Sports Law Podcast, on FSU’s lawsuits and where he believes this will go.

What did FSU sign, that the ACC is trying to get the courts to say in their favor? How important is this for the ACC? What does “grant of Rights” mean legally? The fact that it goes until 2036, can that make it declared illegal? How should the ACC be looking at all of this and their perspective of things? If athletes are declared employees, will schools eliminate other non-revenue sports because they would not be able to afford them?