§ 899-h. Required form of contract.
1.An agency contract shall be in\na record, signed or otherwise authenticated by the parties.\n 2. An agency contract shall state or contain:\n (a) the amount and method of calculating the consideration to be paid\nby the student-athlete for services to be provided by the athlete agent\nunder the contract and any other consideration the athlete agent has\nreceived or will receive from any other source for entering into the\ncontract or for providing the services;\n (b) the name of any person not listed in the application for\nregistration or renewal of registration who will be compensated because\nthe student-athlete signed the agency contract;\n (c) a description of any expenses that the student-athlete agrees to\nreimburse;\n (d) a description
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§ 899-h. Required form of contract. 1. An agency contract shall be in\na record, signed or otherwise authenticated by the parties.\n 2. An agency contract shall state or contain:\n (a) the amount and method of calculating the consideration to be paid\nby the student-athlete for services to be provided by the athlete agent\nunder the contract and any other consideration the athlete agent has\nreceived or will receive from any other source for entering into the\ncontract or for providing the services;\n (b) the name of any person not listed in the application for\nregistration or renewal of registration who will be compensated because\nthe student-athlete signed the agency contract;\n (c) a description of any expenses that the student-athlete agrees to\nreimburse;\n (d) a description of the services to be provided to the\nstudent-athlete;\n (e) the duration of the contract; and\n (f) the date of execution.\n 3. An agency contract shall contain, in close proximity to the\nsignature of the student-athlete, a conspicuous notice in boldface type\nin capital letters stating:\n WARNING TO STUDENT-ATHLETE\nIF YOU SIGN THIS CONTRACT:\n (1) YOU MAY LOSE YOUR ELIGIBILITY TO COMPETE AS A STUDENT-ATHLETE IN\nYOUR SPORT;\n (2) IF YOU HAVE AN ATHLETIC DIRECTOR, WITHIN 72 HOURS AFTER ENTERING\nINTO THIS CONTRACT, BOTH YOU AND YOUR ATHLETE AGENT MUST NOTIFY YOUR\nATHLETIC DIRECTOR; AND\n (3) YOU MAY CANCEL THIS CONTRACT WITHIN 5 DAYS AFTER SIGNING IT.\nCANCELLATION OF THIS CONTRACT MAY NOT REINSTATE YOUR ELIGIBILITY.\n 4. An agency contract that does not conform to this section is\nvoidable by the student-athlete. If a student-athlete voids an agency\ncontract, the student-athlete shall not be required to pay any\nconsideration under such contract or to return any consideration\nreceived from the athlete agent to induce the student-athlete to enter\ninto the contract.\n 5. The athlete agent shall give a record of the signed or otherwise\nauthenticated agency contract to the student-athlete at the time of\nexecution.\n