(a) An agent, athlete agent, financial advisor, or attorney who is providing professional representation of a student-athlete shall be licensed, as applicable, in this state.
(b) A student-athlete may rescind a publicity rights contract with a third-party licensee or a contract for professional representation related to publicity rights without being held liable for breach of contract and with no obligation to return payments received before giving notice of rescission if the:(1) Student-athlete is no longer eligible to participate in any varsity intercollegiate athletics program at an institution of higher education; or(2) Individual providing professional representation is not licensed in this state.
(1) Student-athlete is no longer eligible to participate in any varsity intercollegiate athletics program at an institution of higher education; or
(2) Individual providing professional representation is not licensed in this state.