(a) A student-athlete may cancel an agency contract by giving notice of the cancellation to the athlete agent in a record within 14 days after the contract is signed.
(b) A student-athlete may not waive the right to cancel an agency contract.
(c) If a student-athlete cancels an agency contract, the student-athlete is not required to pay any consideration under the contract or to return any consideration received from the athlete agent to induce the student-athlete to enter into the contract.
(Apr. 13, 2002, D.C. Law 14-107, § 3, 49 DCR 1193).)
Uniform Law: This section is based upon § 12 of the Uniform Athlete Agents Act.
Structure District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 28 - General License Law
Subchapter IV - Other Licenses
§ 47–2887.02. Service of process; subpoenas
§ 47–2887.03. Athlete agents: registration required; void contracts
§ 47–2887.04. Registration as athlete agent; form; requirements
§ 47–2887.05. Certificate of registration; issuance or denial; renewal
§ 47–2887.06. Suspension, revocation, or refusal to renew registration
§ 47–2887.07. Temporary registration
§ 47–2887.08. Registration and renewal fees
§ 47–2887.09. Required form of contract
§ 47–2887.10. Notice to educational institution
§ 47–2887.11. Student-athlete’s right to cancel
§ 47–2887.12. Required records
§ 47–2887.13. Prohibited conduct
§ 47–2887.14. Criminal penalties; prosecution by Attorney General
§ 47–2887.16. Administrative penalty
§ 47–2887.17. Uniformity of application and construction
§ 47–2887.18. Electronic Signatures in Global and National Commerce Act