(a)  An athlete agent shall retain the following records for a period of five (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 or solicitation of a student athlete to enter into an agency contract.

Terms Used In Rhode Island General Laws 5-74.1-13

  • Agency contract: means an agreement in which a student athlete authorizes a person to negotiate or solicit on behalf of the student athlete a professional sports services contract or an endorsement contract. See Rhode Island General Laws 5-74.1-2
  • Athlete agent: means an individual who enters into an agency contract with a student athlete or, directly or indirectly, recruits or solicits a student athlete to enter into an agency contract. See Rhode Island General Laws 5-74.1-2
  • Contract: A legal written agreement that becomes binding when signed.
  • State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Rhode Island General Laws 5-74.1-2
  • Student athlete: means an individual who engages in, is eligible to engage in, or may be eligible in the future to engage in, any intercollegiate sport. See Rhode Island General Laws 5-74.1-2

(b)  Records required by subsection (a) to be retained are open to inspection by the secretary of state during normal business hours.

History of Section.
P.L. 2008, ch. 246, § 2.