US Lawyer Database

§ 5410. Required form of contract.

§ 5410. Required form of contract. (a) An agency contract must be in a record signed or otherwise authenticated by the parties. (b) An agency contract must state or contain: (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 […]

§ 5411. Notice to educational institution.

§ 5411. Notice to educational institution. (a) Within 72 hours after entering into an agency contract or before the next scheduled athletic event in which the student-athlete may participate, whichever occurs first, the athlete agent shall give notice in a record of the existence of the contract to the athletic director of the educational institution […]

§ 5412. Student-athlete’s right to cancel.

§ 5412. Student-athlete’s right to cancel. (a) A student-athlete may cancel an agency contract by giving notice of the cancellation to the athlete agent in a record within 14 days after the contract is signed. (b) A student-athlete may not waive the right to cancel an agency contract. (c) If a student-athlete cancels an agency […]

§ 5413. Required records.

§ 5413. Required records. (a) An athlete agent shall retain the following records for a period of 5 years: (1) The name and address of each individual represented by the athlete agent; (2) Any agency contract entered into by the athlete agent; and (3) Any direct costs incurred by the athlete agent in the recruitment […]

§ 5414. Prohibited conduct.

§ 5414. Prohibited conduct. (a) An athlete agent, with the intent to induce a student-athlete to enter into an agency contract, may not: (1) Give any materially false or misleading information or make a materially false promise or representation; (2) Furnish anything of value to a student-athlete before the student-athlete enters into the agency contract; […]

§ 5415. Criminal penalties.

§ 5415. Criminal penalties. An athlete agent who violates § 5414 of this title is guilty of a class A misdemeanor. Upon the first offense, the athlete agent shall be fined not less than $500 nor more than $1,000 for each offense, and in addition, may be imprisoned for not more than 1 year. For […]

§ 5416. Civil remedies.

§ 5416. Civil remedies. (a) An educational institution has a right of action against an athlete agent or a former student-athlete for damages caused by a violation of this chapter. In an action under this section, the court may award to the prevailing party costs and reasonable attorney’s fees. (b) Damages of an educational institution […]