Which agent regulation requires the following statements to be in every agent agreement with a student-athlete? "Warning: If you sign this contract 1. you may lose your eligibility to compete as a student-athlete in your sport; 2. if you have an athletic director, within 72 hours after entering into this contract, both you and your athlete agent must notify your athletic director; and 3. you may cancel this contract within 14 days after signing it. Cancellation of this contract may not reinstate your eligibility."

The Uniform Athlete-Agent Act

Explanation:

The Uniform Athlete-Agent Act (UAAA) is acts that regulates the the recruitment of a student athlete by an agent while the athlete is still enrolled as a student in an educational institution.

The UAAA aims to assist the students to know the implication of signing an agreement with an agent, protect the student-athletes from dishonest agents who represents them in the commercial marketplace, and resolve the issues of eligibility problems between the student and the educational institution.

The requirements of the UAAA are that important information that will assist in evaluating a prospective agent must be made available to student-athletes and other interested parties by the agent. In addition, it is required the educational institution of the student must be notified when a student-athlete signs an agency contract before the expiration of the student's eligibility.

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