49-7-2133 - Cancellation of contract.
49-7-2133. Cancellation of contract.
(a) A student athlete may cancel an agency contract by giving written notice of the cancellation to the athlete agent within twenty (20) days after the contract is signed.
(b) A student athlete may not under any circumstances effect a waiver of the right to cancel, and any attempted waiver of the right to cancel shall be ineffective.
(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.
[Acts 2001, ch. 342, § 1.]