Guam § 7417 - Promoter and Network to File Copy of Contracts for

§ 7417. Promoter and Network to File Copy of Contracts for

Television Rights; Records of Accounts and Other Documents;

Assessment of Fee for License; Confidentiality of Contract.

(a) A promoter and a broadcasting network for television shall each,

at least seventy-two (72) hours before a contest or exhibition of unarmed

combat, or combination of those events is to be held, file with the

Commission’s Executive Secretary a copy of all contracts entered into

for the sale, lease or other exploitation of television rights for the contest

or exhibition.

(b) The promoter shall keep detailed records of the accounts and

other documents related to his receipts from the sale, lease or other

exploitation on the television rights for a contest or exhibition. The

Commission, at any time, may inspect these accounts and documents to

determine the amount of the total gross receipts received by the promoter

from the television rights.

(c) If a promoter or a network fails to comply with the requirements

of this Section, the Commission may determine the amount of the total

gross receipts from the sale, lease or other exploitation of television

rights for the contest or exhibition and assess the appropriate license fee

pursuant to § 7406(a).

(d) Each contract filed with the Commission pursuant to this Section

is confidential and is not a public record.