Texas § OC.2051.203 - CONTRACT REQUIREMENTS RELATING TO FEES AND SERVICES

§ OC.2051.203. CONTRACT REQUIREMENTS RELATING TO FEES AND SERVICES

CONTRACT REQUIREMENTS RELATING TO FEES AND SERVICES. (a) An agent contract or a financial services contract must include: (1) a schedule of fees, including: (A) the amount and method of computing the consideration to be paid by the athlete for services to be provided by the athlete agent under the contract; and (B) any other consideration the athlete agent received or will receive from any other source for entering into the contract or for providing the services; (2) a description of the professional services that the athlete agent will perform for the athlete; (3) the name of any person not listed in the application for registration or renewal of registration who will be compensated because the athlete signed the agent contract; (4) a description of any expenses of the athlete agent the athlete agrees to reimburse; (5) the duration of the contract; and (6) the date the contract was signed. (b) A registered athlete agent may charge a fee only as provided by the schedule of fees in the contract. (c) A change in the schedule of fees in a contract takes effect on the seventh day after the date on which the athlete agent files with the secretary of state a copy of the contract as required by Section 2051.205 (b). (d) The athlete agent shall give a signed copy of the contract to the athlete at the time the contract is signed. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2003, 78th Leg., ch. 821, Sec. 8, eff. Sept. 1, 2003.