Utah Code 58-87-303. Student athlete’s right to cancel

58-87-303. Student athlete’s right to cancel.

(1)	A student athlete or, if the athlete is a minor, the parent or guardian of the athlete may cancel an agency contract by giving notice in a record of cancellation to the athlete agent not later than 14 days after the contract is signed.

Terms Used In Utah Code 58-87-303

Agency contract: means an agreement in which a student athlete authorizes a person to negotiate or solicit on behalf of the athlete a professional-sports-services contract or an endorsement contract. See Utah Code 58-87-102
Athlete agent: means an individual, whether or not registered under this chapter, who:

(i)

directly or indirectly recruits or solicits a student athlete to enter into an agency contract or, for compensation, procures employment or offers, promises, attempts, or negotiates to obtain employment for a student athlete as a professional athlete or member of a professional sports team or organization;

(ii)

for compensation or in anticipation of compensation related to a student athlete's participation in athletics:

(A)	serves the athlete in an advisory capacity on a matter related to finances, business pursuits, or career management decisions, unless the individual is an employee of an educational institution acting exclusively as an employee of the institution for the benefit of the institution; or

(B)	manages the business affairs of the athlete by providing assistance with bills, payments, contracts, or taxes; or

(iii)

in anticipation of representing a student athlete for a purpose related to the athlete's participation in athletics:

(A)	gives consideration to the student athlete or another person;

(B)	serves the athlete in an advisory capacity on a matter related to finances, business pursuits, or career management decisions; or

(C)

manages the business affairs of the athlete by providing assistance with bills, payments, contracts, or taxes. See Utah Code 58-87-102

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.

Guardian: includes a person who:Utah Code 68-3-12.5

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 Utah Code 58-87-102

Student athlete: means an individual who is eligible to attend an educational institution and engages in, is eligible to engage in, or may be eligible in the future to engage in, any interscholastic or intercollegiate sport. See Utah Code 58-87-102

(2)

A student athlete or, if the athlete is a minor, the parent or guardian of the athlete may not waive the right to cancel an agency contract.

(3)	If a student athlete, parent, or guardian cancels an agency contract, the athlete, parent, or guardian is not required to pay any consideration under the contract or return any consideration received from the athlete agent to influence the athlete to enter into the contract.

Renumbered and Amended by Chapter 225, 2017 General Session

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