Athlete Agent Bond
Athlete Agent bonds, also known as Sports Agent surety bonds, are designed for individuals or corporations responsible for negotiating employment contracts and endorsement terms for professional athletes. Upon successful negotiation of a contract, an agent will typically retain a percentage of the commission or contract value. In some legal jurisdictions, Athlete Agent bonds are not an optional precaution but rather required to ensure that agents abide by the terms of the contracts with their athletes. In particular, they protect athletes from potential financial losses incurred as the result of an agent or agency retaining more commission percentage than agreed upon.
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