Application For Registration/renewal As An Athlete Agent - Iowa Secretary Of State Page 10
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139A.108 Temporary registration.
The secretary of state may issue a temporary certificate of registration while an
application for registration or renewal of registration is pending.
2009 Acts, ch
33, §8
9A.109 Registration and renewal fees.
An application for registration or renewal of registration shall be accompanied
by a reasonable registration or renewal of registration fee sufficient to offset
expenses incurred in the administration of
this chapter
as established by the
secretary of state.
2009 Acts, ch
33, §9
9A.110 Required form of contract.
1. An agency contract shall be in a record, signed, or otherwise authenticated
by the parties.
2. An agency contract shall contain the following information:
a. The amount and method of calculating the consideration to be paid by the
student athlete for services to be provided by the athlete agent under the contract
and any other consideration the athlete agent has received or will receive from
any other source for entering into the contract or for providing the services.
b. The name of any person not listed in the application for registration or
renewal of registration who will be compensated because the student athlete
signed the agency contract.
c. The description of any expenses that the student athlete agrees to
reimburse.
d. The description of the services to be provided to the student athlete.
e. The duration of the contract.
f. The date of execution of the contract.
3. An agency contract must contain, in close proximity to the signature of the
student athlete, a conspicuous notice in boldface type in capital letters stating:
WARNING TO STUDENT ATHLETE
IF YOU SIGN THIS CONTRACT:
(1) YOU MAY LOSE YOUR ELIGIBILITY TO COMPETE AS A STUDENT
ATHLETE IN YOUR SPORT;
(2) IF YOU HAVE AN ATHLETIC DIRECTOR, WITHIN 72 HOURS AFTER
ENTERING INTO THIS CONTRACT, BOTH YOU AND YOUR ATHLETE
AGENT MUST NOTIFY YOUR ATHLETIC DIRECTOR; AND
(3) YOU MAY CANCEL THIS CONTRACT WITHIN 14 DAYS AFTER
SIGNING IT. CANCELLATION OF THIS CONTRACT MAY NOT REINSTATE
YOUR ELIGIBILITY.
4. An agency contract that does not conform to
this section
is voidable by the
student athlete. If a student athlete voids 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.
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