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Texas Occupations Code - OCC § 2051.203. Contract Requirements Relating to Fees and Services

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Texas Occupations Code - OCC § 2051.203. Contract Requirements Relating to Fees and Services - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-2051-203/

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