440.994
440.994 Required form of contract.440.994(1)
(1) An agency contract must be in a record, signed or otherwise authenticated by the parties.440.994(2)
(2) An agency contract must state or contain all of the following:440.994(2)(a)
(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 that the athlete agent has received or will receive from any other source for entering into the contract or for providing the services.440.994(2)(b)
(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.440.994(2)(c)
(c) A description of any expenses that the student athlete agrees to reimburse.440.994(2)(d)
(d) A description of the services to be provided to the student athlete.440.994(2)(e)
(e) The duration of the contract.440.994(2)(f)
(f) The date of execution.440.994(3)
(3) An agency contract must contain, in close proximity to the signature of the student athlete, a conspicuous notice in boldface type and capital letters stating the following:440.994(4)
(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.440.994(5)
(5) The athlete agent shall give a record of the signed or otherwise authenticated agency contract to the student athlete at the time of execution.440.994 - ANNOT.
History: 2003 a. 150, 326.440.994 - ANNOT.
Cross Reference: See also ch. RL 153, Wis. adm. code.