(a)        An athlete agent shall retain the following records for a period of five years:

(1)        The name and address of each individual represented by the athlete agent.

(2)        Any agency contract entered into by the athlete agent.

(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 to be retained by subsection (a) of this section are open to inspection by the Secretary of State during normal business hours.

(c)        Where a student-athlete enters into an agency contract regulated under this Article, the student-athlete will be deemed to waive the attorney-client privilege with respect to records required to be retained by subsection (a) of this section, subject to N.C. Gen. Stat. § 78C-94(f). (2003-375, s. 2.)

Terms Used In North Carolina General Statutes 78C-97

  • Contract: A legal written agreement that becomes binding when signed.
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3