The International Federation of Professional Footballers, usually known as FIFPro, is a worldwide representative organisation for professional players.
At the moment, there are 49 national players associations who are members of FIFPro. Bhutia is the president of the Football Players Association of India (FPAI).
A few Indian clubs have, in recent times, were learnt to have failed to fulfil their players' contractual obligations.
According to an FPAI member, they believe Indian clubs' contracts have "flaws" and they are seeking to "correct" it.
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In a bid to cut down on the losses, popular Indian club Mohun Bagan recently failed to honour the contracts of some players.
An act like this could prompt the FPAI and the FIFPro to take a stand against the errant clubs in future.
It was also reported that the players' body will also ask the All India Football Federation (AIFF) to force clubs to implement the model contract they prepared when the organisation was established.
The conference was also attended by FPAI executive committee member and former India midfielder Renedy Singh.