899-C - Athlete agents; registration required; void contracts. - New York Statutes

§ 899-c. Athlete agents; registration required; void contracts. 1. Except as otherwise provided in subdivision two of this section, an individual shall not act as an athlete agent in this state without holding a certificate of registration issued pursuant to section eight hundred ninety-nine-e of this article. 2. Before being issued a certificate of registration, an individual may act as an athlete agent in this state for all purposes except signing an agency contract, if: (a) a student-athlete or another person acting on behalf of the student-athlete initiates communication with such individual; and (b) within seven days after an initial act as an athlete agent, such individual submits an application for registration as an athlete agent in this state. 3. An agency contract resulting from conduct in violation of this section shall be void. In the event a student-athlete voids an agency contract, the student-athlete shall not be required to pay any consideration under such contract or to return any consideration received from the athlete agent to induce the student-athlete to enter into the contract, and the athlete agent shall be required to return any consideration received pursuant to such voided agency contract. 4. An agency contract shall be void and unenforceable unless it is in writing.