A. A student athlete may cancel an agency contract by giving notice of the cancellation to the athlete agent in a record within fourteen days after the contract is signed.
B. A student athlete shall 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.
History: Laws 2009, ch. 169, § 12.
Effective dates. — Laws 2009, ch. 169, § 21 made the Uniform Athlete Agents Act effective July 1, 2009.
Severability. — Laws 2009, ch. 169, § 20 provided that if any provision of the Uniform Athlete Agents Act or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of that act that can be given effect without the invalid provision or application, and to this end the provisions of that act are severable.
Structure New Mexico Statutes
Chapter 61 - Professional and Occupational Licenses
Article 14F - Uniform Athlete Agents
Section 61-14F-1 - Short title.
Section 61-14F-2 - Definitions.
Section 61-14F-3 - Service of process; subpoenas.
Section 61-14F-4 - Athlete agents; registration required; void contracts.
Section 61-14F-5 - Registration as athlete agent; form; requirements.
Section 61-14F-6 - Certificate of registration; issuance or denial; renewal.
Section 61-14F-7 - Suspension, revocation or refusal to renew registration.
Section 61-14F-8 - Temporary registration.
Section 61-14F-9 - Registration and renewal fees.
Section 61-14F-10 - Required form of contract.
Section 61-14F-11 - Notice to educational institution.
Section 61-14F-12 - Student athlete's right to cancel.
Section 61-14F-13 - Required records.
Section 61-14F-14 - Prohibited conduct.
Section 61-14F-15 - Criminal penalties.
Section 61-14F-16 - Civil remedies.
Section 61-14F-17 - Administrative penalty.
Section 61-14F-18 - Uniformity of application and construction.
Section 61-14F-19 - Federal Electronic Signatures in Global and National Commerce Act.