[ 481E-12]  Required records.  (a)  An athlete agent shall retain the following records for a period of five years:

Terms Used In Hawaii Revised Statutes 481E-12

  • 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 Hawaii Revised Statutes 481E-1
  • 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 Hawaii Revised Statutes 481E-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Director: means the director of commerce and consumer affairs. See Hawaii Revised Statutes 481E-1
  • 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 Hawaii Revised Statutes 481E-1

     (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.

     (b)  Records required by subsection (a) to be retained shall be open to inspection by the director during normal business hours.