(a)        A student-athlete may cancel an agency contract by giving notice of the cancellation to the athlete agent in a record within 14 days after the contract is signed.

(b)        A student-athlete may not waive the right to cancel an agency contract.

(c)        If a student-athlete 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. (2003-375, s. 2.)

Terms Used In North Carolina General Statutes 78C-96

  • Contract: A legal written agreement that becomes binding when signed.