Kentucky Statutes 164.6921 – Cancellation of agency contract by student-athlete
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(1) A student-athlete or, if the student-athlete is a minor, the parent or guardian of the student-athlete may cancel an agency contract by giving notice of the cancellation to the athlete agent in a record within fourteen (14) days after the contract is signed.
(2) A student-athlete or, if the student-athlete is a minor, the parent or guardian of the student-athlete may not waive the right to cancel an agency contract.
(3) If a student-athlete, parent, or guardian cancels 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.
Effective: July 14, 2018
History: Amended 2018 Ky. Acts ch. 205, sec. 11, effective July 14, 2018. — Created
2003 Ky. Acts ch. 172, sec. 11, effective June 24, 2003.
(2) A student-athlete or, if the student-athlete is a minor, the parent or guardian of the student-athlete may not waive the right to cancel an agency contract.
Terms Used In Kentucky Statutes 164.6921
- Contract: A legal written agreement that becomes binding when signed.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
(3) If a student-athlete, parent, or guardian cancels 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.
Effective: July 14, 2018
History: Amended 2018 Ky. Acts ch. 205, sec. 11, effective July 14, 2018. — Created
2003 Ky. Acts ch. 172, sec. 11, effective June 24, 2003.