Sports Agent Representation Agreement With Client
Description
How to fill out Representation Agreement Between Sports Agent And Athlete?
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FAQ
Components of an agency agreement Some of the information the agency agreement should contain are: The names of the principal and agent. A description of the purpose of the agency. Whether it is an exclusive or nonexclusive agency.
Basic Details for a General Agency Contract Scope of services. The contract (or an accompanying document known as an 'exhibit') should detail the specific services that the agent is to provide. ... Compensation. ... Expenses. ... Relationship of the principal and agent.
Draft the representation letter with a clear and concise legal language, making sure all the parties involved are named and referenced. Ensure that the agreement is signed by all the parties involved, or their representatives.
You should include certain clauses in an agency agreement for it to be enforceable. These consist of a defined scope of work, payment schedule, termination clause with effective date and requisite notice period as well as specific consequences if any breach happens.
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.