Sec. 10. (a) A student athlete, or, if the athlete is a
minor, the parent or
guardian of the athlete, may cancel an agency
contract by giving notice of the cancellation to the athlete agent in a record within fourteen (14) days after the contract is signed.
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Terms Used In Indiana Code 25-5.2-2-10
- Contract: A legal written agreement that becomes binding when signed.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
(c) If a student athlete, parent, or guardian cancels an agency contract, the student athlete, parent, or guardian is not required to pay any consideration under the contract or to return any consideration received from the athlete agent to influence the student athlete to enter into the contract.
As added by P.L.54-2001, SEC.5. Amended by P.L.95-2019, SEC.7.
