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Terms Used In Maryland Code, BUSINESS REGULATION 4-412

  • Contract: A legal written agreement that becomes binding when signed.
(a) An athlete agent shall retain the following records for a period of 5 years:

(1) the name of each individual represented by the athlete agent;

(2) the address of each individual represented by the athlete agent;

(3) any agency contract entered into by the athlete agent; and

(4) any direct costs incurred by the athlete agent in the recruitment or solicitation of a student-athlete to enter into an agency contract.

(b) Records required to be retained by subsection (a) of this section are open to inspection by the Secretary during normal business hours.