Section 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.(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.Tex. Occ. Code § 2051.203
Amended by Acts 2003, 78th Leg., ch. 821, Sec. 8, eff. 9/1/2003. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. 9/1/1999.