Texas Occupations Code 2051.203 – Contract Requirements Relating to Fees and Services
(a) An agent contract or a financial services contract must include:
(1) a schedule of fees, including:
(A) the amount and method of computing the consideration to be paid by the athlete for services to be provided by the athlete agent under the contract; and
(B) any other consideration the athlete agent received or will receive from any other source for entering into the contract or for providing the services;
(2) a description of the professional services that the athlete agent will perform for the athlete;
(3) the name of any person not listed in the application for registration or renewal of registration who will be compensated because the athlete signed the agent contract;
(4) a description of any expenses of the athlete agent the athlete agrees to reimburse;
(5) the duration of the contract; and
(6) the date the contract was signed.
(b) A registered athlete agent may charge a fee only as provided by the schedule of fees in the contract.
Terms Used In Texas Occupations Code 2051.203
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
(c) A change in the schedule of fees in a contract takes effect on the seventh day after the date on which the athlete agent files with the secretary of state a copy of the contract as required by Section 2051.205(b).
(d) The athlete agent shall give a signed copy of the contract to the athlete at the time the contract is signed.