15-1770. Required form of contract


A. An agency contract shall be a record that is signed or otherwise authenticated
by the parties.


B. An agency contract shall state or contain the following:


1. The amount and method of calculating the consideration to be paid by the student
athlete for services to be provided by the athlete agent under the contract and any other
consideration the athlete agent has received or will receive from any other source for
entering into the contract or for providing the services.


2. The name of any person who is not listed in the application for registration or
renewal of registration and who will be compensated because the student athlete signed
the agency contract.


3. A description of any expenses that the student athlete agrees to reimburse the
athlete agent.


4. A description of the services to be provided to the student athlete.


5. The duration of the contract.


6. The date of the execution of the contract.


C. An agency contract shall contain, in close proximity to the signature of the
student athlete, a conspicuous notice in bold-faced type in capital letters that states
the following:


Warning to Student Athlete


If you sign this contract:


1. You may lose your eligibility to compete as a student athlete in
your sport.


2. If you have an athletic director, within 72 hours after entering
into this contract or before the next athletic event in which the student
athlete may participate, whichever comes first, both you and your athlete
agent must notify your athletic director.


3. You may cancel this contract within 14 days after signing it.
Cancellation of this contract may not reinstate your eligibility.


D. An agency contract that does not conform to this section is voidable by the
student athlete. If a student athlete voids an agency contract, the student athlete is
not required to pay any consideration under the contract or to return any consideration
that was received from the athlete agent and that was given to induce the student athlete
to enter into the contract.


E. The athlete agent shall give a copy of the signed or otherwise authenticated
agency contract to the student athlete at the time of execution.