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When drafting agency agreements, pay attention to the following elements: Add details on the registered business names and addresses, along with an executive summary. Set the starting and ending dates for each project. Write a specific scope of work clause to avoid additional work requests without getting paid.
Based on your position and priorities, you should develop a negotiation strategy that takes into account the other party's likely position and potential objections. This may involve setting ambitious goals, building rapport with the other party, and being willing to make concessions in exchange for key priorities.
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.
Write the contract in six steps Start with a contract template. ... Open with the basic information. ... Describe in detail what you have agreed to. ... Include a description of how the contract will be ended. ... Write into the contract which laws apply and how disputes will be resolved. ... Include space for signatures.
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.