(a)  A 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.

Terms Used In Rhode Island General Laws 5-74.1-12

  • 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 Rhode Island General Laws 5-74.1-2
  • 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 Rhode Island General Laws 5-74.1-2
  • Contract: A legal written agreement that becomes binding when signed.
  • Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Rhode Island General Laws 5-74.1-2
  • 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 Rhode Island General Laws 5-74.1-2

(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.

History of Section.
P.L. 2008, ch. 246, § 2.