Ch. 695

LAWS OF MARYLAND

(A)  IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)  "AGENT CONTRACT" MEANS A CONTRACT OR AGREEMENT UNDER
WHICH AN ATHLETE AUTHORIZES A SPORTS AGENT TO NEGOTIATE ON BEHALF
OF THE ATHLETE WITH 1 OR MORE PROFESSIONAL SPORTS TEAMS FOR THE
EMPLOYMENT OF THE ATHLETE.

(C)  "ATHLETE" MEANS AN INDIVIDUAL WHO:

(1)  RESIDES IN THE STATE; AND

(2)  (I) IS OR HAS BEEN A MEMBER OF A SPORTS TEAM OF
AN INSTITUTION OF HIGHER EDUCATION LOCATED IN THE STATE THAT IS
PART OF A NATIONAL ASSOCIATION FOR THE REGULATION OF
INTERCOLLEGIATE ATHLETICS; OR

(II) IS OR HAS BEEN A MEMBER OF A SPORTS TEAM
OF A HIGH SCHOOL IN THE STATE.

(D)  "FINANCIAL SERVICES CONTRACT" MEANS A CONTRACT OR
AGREEMENT UNDER WHICH AN ATHLETE AUTHORIZES A SPORTS AGENT TO
PROVIDE FINANCIAL SERVICES FOR THE ATHLETE, INCLUDING THE MAKING
AND EXECUTION OF INVESTMENT AND OTHER FINANCIAL DECISIONS BY THE
AGENT ON BEHALF OF THE ATHLETE.

(E)  "PERSON" MEANS AN INDIVIDUAL, RECEIVER, TRUSTEE,
GUARDIAN, PERSONAL REPRESENTATIVE, FIDUCIARY, OR REPRESENTATIVE
OF ANY KIND AND ANY PARTNERSHIP, FIRM, ASSOCIATION, CORPORATION,
OR OTHER ENTITY.

(F)  "SPORTS AGENT" MEANS A PERSON WHO DIRECTLY OR
INDIRECTLY RECRUITS OR SOLICITS AN ATHLETE TO ENTER INTO AN AGENT
CONTRACT OR FINANCIAL SERVICES CONTRACT WITH THAT PERSON FOR A
FEE, OR ATTEMPTS TO OBTAIN EMPLOYMENT FOR AN ATHLETE WITH A
PROFESSIONAL SPORTS TEAM FOR A FEE.

608.

(A)  A SPORTS AGENT SHALL OBTAIN A LICENSE FROM THE
SECRETARY BEFORE CONTACTING AN ATHLETE, EITHER DIRECTLY OR
INDIRECTLY, WHILE THE ATHLETE IS LOCATED IN THE STATE.

(B)  AN APPLICANT FOR A LICENSE AS A SPORTS AGENT SHALL
SUBMIT A WRITTEN APPLICATION TO THE SECRETARY ON A FORM THAT THE
SECRETARY PROVIDES, WHICH SHALL INCLUDE THE FOLLOWING
INFORMATION:

(1) THE NAME OF THE APPLICANT AND THE ADDRESS OF THE
APPLICANT'S PRINCIPAL PLACE OF BUSINESS;

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