§ 33-44-107 — Form of contract

(a) An agency contract shall be in a record signed by the
parties.
(b) An agency contract shall state or contain:
(i) 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;
(ii) The name of any person other than the athlete
agent who will be compensated because the student athlete signed
the agency contract;
(iii) A description of any expenses that the student
athlete agrees to reimburse;
(iv) A description of the services to be provided to
the student athlete;
(v) The duration of the contract; and
(vi) The date of execution.
(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) BOTH YOU AND YOUR ATHLETE AGENT ARE REQUIRED TO TELL YOUR
ATHLETIC DIRECTOR, IF YOU HAVE AN ATHLETIC DIRECTOR, AT LEAST
SEVENTY-TWO (72) HOURS PRIOR TO ENTERING INTO AN AGENCY CONTRACT
AND AGAIN WITHIN SEVENTY-TWO (72) HOURS AFTER ENTERING INTO AN
AGENCY CONTRACT; AND
(3) YOU MAY CANCEL THIS CONTRACT WITHIN FOURTEEN (14) DAYS
AFTER SIGNING IT. CANCELLATION OF THE CONTRACT MAY NOT REINSTATE
YOUR ELIGIBILITY.
(d) A copy of the athlete agent disclosure form delivered
to the student athlete shall be attached to the agency contract.
(e) An agency contract that does not conform to this
section is voidable by the student athlete.
(f) The athlete agent shall give a copy of the signed
agency contract to the student athlete at the time of signing.