Kentucky Statutes 164.6951 – Agreements and agency contracts governed by laws of the Commonwealth — Parent or guardian of minor may enter into agreement or agency contract — Reaffirmation
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(1) For the purposes of this section, “student-athlete” shall have the same meaning as in KRS § 164.6903.
(2) For all student-athletes enrolled in institutions within the Commonwealth, all NIL agreements and agency contracts shall be governed by the laws of the Commonwealth.
(3) The parent or guardian of a minor student-athlete may enter the minor into an NIL agreement or an agency contract on the minor’s behalf. However, the minor shall reaffirm the NIL agreement or agency contract within thirty (30) days of reaching the age of eighteen (18) or the contract or agreement shall be revoked.
(4) A student-athlete shall reaffirm an NIL agreement or an agency contract, either of which was formed or reaffirmed while the student-athlete was participating in intercollegiate athletics at an institution, within thirty (30) days of the student-athlete no longer participating in intercollegiate athletics at that institution or the contract or agreement shall be revoked.
Effective:March 9, 2022
History: Created 2022 Ky. Acts ch. 12, sec. 6, effective March 9, 2022.
(2) For all student-athletes enrolled in institutions within the Commonwealth, all NIL agreements and agency contracts shall be governed by the laws of the Commonwealth.
Terms Used In Kentucky Statutes 164.6951
- 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.
- Institution: means a university, college, community college, health technology center, vocational-technical school, technical institute, technical college, technology center, or the Kentucky Community and Technical College System. See Kentucky Statutes 164.001
(3) The parent or guardian of a minor student-athlete may enter the minor into an NIL agreement or an agency contract on the minor’s behalf. However, the minor shall reaffirm the NIL agreement or agency contract within thirty (30) days of reaching the age of eighteen (18) or the contract or agreement shall be revoked.
(4) A student-athlete shall reaffirm an NIL agreement or an agency contract, either of which was formed or reaffirmed while the student-athlete was participating in intercollegiate athletics at an institution, within thirty (30) days of the student-athlete no longer participating in intercollegiate athletics at that institution or the contract or agreement shall be revoked.
Effective:March 9, 2022
History: Created 2022 Ky. Acts ch. 12, sec. 6, effective March 9, 2022.