N.Y. General Business Law 899-K – Required records
Current as of: 2024 | Check for updates
|
Other versions
§ 899-k. Required records. 1. An athlete agent shall retain the following records for a period of five years:
Terms Used In N.Y. General Business Law 899-K
- Agency contract: means an agreement in which a student-athlete authorizes a person to negotiate or solicit on behalf of the student-athlete a professional sports-services contract or an endorsement contract. See N.Y. General Business Law 899-A
- Athlete agent: means an individual who enters into an agency contract with a student-athlete or, directly or indirectly, recruits or solicits a student-athlete to enter into an agency contract. See N.Y. General Business Law 899-A
- Contract: A legal written agreement that becomes binding when signed.
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See N.Y. General Business Law 899-A
- Student-athlete: means an individual who engages in, is eligible to engage in, may be eligible in the future to engage in or was eligible in the past thirty days to engage in any intercollegiate or interscholastic sport. See N.Y. General Business Law 899-A
(a) the name and address of each individual represented by the athlete agent;
(b) any agency contract entered into by the athlete agent; and
(c) any direct costs incurred by the athlete agent in the recruitment or solicitation of a student-athlete to enter into an agency contract.
2. The records required to be retained pursuant to subdivision one of this section shall be open to inspection by the secretary of state during normal business hours.