Colorado § 23-16-209 Required form of contract

Colorado Statutes

§ 23-16-209 — Required form of contract

Colorado·Title 23 Postsecondary Education·Art. Limitation on Athlete Agents

(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 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 will be compensated because the student athlete signed the agency contract;

(3)A description of any expenses that the student athlete agrees to reimburse;

(4)A description of the services to be provided to the student athlete;

(5)The duration of the contract;

(6)The date of execution; and (

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(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 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 will be compensated because the student
athlete signed the agency contract;

(3) A description of any expenses that the student athlete agrees to
reimburse;

(4) A description of the services to be provided to the student athlete;

(5) The duration of the contract;

(6) The date of execution; and

(7) The requirements for contracts with student athletes as specified in
section 23-16-104.

(c) 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.

(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 received from the athlete agent to induce the student athlete to
enter into the contract.

(e) The athlete agent shall give a record of the signed or otherwise
authenticated agency contract to the student athlete at the time of execution.

Colorado § 23-16-209 (Required form of contract) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.