A sports agent is a person who procures and negotiates employment and endorsement contracts for an athlete. In return, the agent receives a commission that is usually a percentage of the contract, although this figure varies. In addition to finding incoming sources, agents often handle public relations matters for their clients. In some large sports agencies, agents deal with all aspects of an athlete's finances, from investment to filing taxes.
Arkansas Representation Agreement between Sports Agent and Athlete
Instant download
Description
Free preview
How to fill out Representation Agreement Between Sports Agent And Athlete?
Have you found yourself in a situation where you require documents for potential business or personal purposes almost daily.
There are numerous authentic document templates available online, but finding reliable ones is not easy.
US Legal Forms provides thousands of form templates, such as the Arkansas Representation Agreement between Sports Agent and Athlete, which are designed to comply with federal and state regulations.
If you find the appropriate form, just click on Acquire now.
Select the pricing plan you prefer, fill in the required details to create your account, and pay for your order using PayPal or a credit card.
- If you are already familiar with the US Legal Forms website and have an account, simply Log In.
- After logging in, you can download the Arkansas Representation Agreement between Sports Agent and Athlete template.
- If you do not have an account and wish to use US Legal Forms, follow these steps.
- Find the form you need and ensure it's for the correct locality/region.
- Use the Preview button to review the form.
- Check the description to confirm that you have selected the right form.
- If the form does not match your needs, utilize the Search field to locate the form that fits you and your requirements.
Form popularity
FAQ
What is a Sports Agent?Step 1: Become Familiar with Sports. In order to become a sports agent, you need to understand various types of sports.Step 2: Complete a Bachelor's Degree Program.Step 3: Complete a Graduate Degree.Step 4: Begin Networking.Step 5: Become Licensed and Certified.
A sports manager is essentially a type of public relations specialist who supports one or more athletes. They are responsible for representing that individual in public.
Steps to Be a Sports AgentEarn a college degree.Send resumes and a cover letter to current agents.Take and pass the agent test.Pass a background check and sign an agreement to abide by ethical standards.Purchase agent insurance.Recruit players.Sign current professional athletes.More items...
Sports agents act as representatives for professional athletes in many different types of negotiations, providing advice and representation concerning contracts, endorsement and advertisement deals, public appearances, and financial investments and taxes, among other areas.
Agent representation becomes even more important because an agent not only negotiates contracts for the athlete he or she represents, but also handles the athlete201fs media relations, endorsement deals, and finances.
The Uniform Athlete Agents Act (UAAA) is a model state law that provides a means of regulating the conduct of athlete agents. In most cases, the UAAA, as enacted, requires an athlete agent to register with a state authority, typically the Secretary of State, in order to act as an athlete agent in that state.
If a professional athlete is part of a team, usually the athlete receives a standard Player's contract. The only difference between his contract and other members of the team are usually salary, bonuses, and the option to renegotiate. The standard player contract (SPK) is usually in a boilerplate form.
The following is a checklist of matters to be considered in drafting a contract for the employment of an athlete:Names of parties.Addresses of parties.Statement of hiring.Term of contract.Duties and obligations of athlete.Attendance at training camp.Amount of compensation.Times at which compensation payable.More items...
Sports agents generally receive between 4 and 15% of the athlete's playing contract, and 10 to 20% of the athlete's endorsement contract, although these figures vary. NFL agents are not permitted to receive more than 3%, and NBA agents not more than 4%, of their client's playing contracts.
How long does it take to become a sports agent? It can take years to build the experience and professional network necessary to land clients. Sports agents who start out as lawyers spend eight years on their undergraduate and graduate education, and may practice law for some time before entering the profession.