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Chapter-9a >
9a-110
9A.110 REQUIRED FORM OF CONTRACT.
1. An agency contract shall be in a record, signed, or otherwise
authenticated by the parties.
2. An agency contract shall contain the following information:
a. 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.
b. The name of any person not listed in the application for
registration or renewal of registration who will be compensated
because the student athlete signed the agency contract.
c. The description of any expenses that the student athlete
agrees to reimburse.
d. The description of the services to be provided to the
student athlete.
e. The duration of the contract.
f. The date of execution of the contract.
3. An agency contract must contain, in close proximity to the
signature of the student athlete, a conspicuous notice in boldface
type in capital letters stating:
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, BOTH YOU AND YOUR ATHLETE AGENT MUST
NOTIFY YOUR ATHLETIC DIRECTOR; AND
(3) YOU MAY CANCEL THIS CONTRACT WITHIN 14 DAYS AFTER SIGNING IT.
CANCELLATION OF THIS CONTRACT MAY NOT REINSTATE YOUR ELIGIBILITY.
4. 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
received from the athlete agent to induce the student athlete to
enter into the contract.
5. The athlete agent shall give a record of the signed or
otherwise authenticated agency contract to the student athlete at the
time of execution of the contract. Section History: Recent Form
2009 Acts, ch 33, §10
