3. Acting As A Football Agent Flashcards
REPRESENTATION:
What are the rules when representing a client?
a) The Football Agent and the client must enter into a ´Representation Agreement´for the provision of the Agent services,
b) Concluded agreements between Agents and Clients can only be for maximum of 2 years which can be extended with a new written agreement,
c) The Agent shall inform the client in writing that they should consider taking independent legal advice before entering the agreement.
REPRESENTATION:
What must a ´Representation Agreement´contain?
- Both names of the parties,
- Duration (for example 2 years),
- Amount of the service fee due to the Football Agent,
-The nature of the Football Agent Services to be provided and - Both parties signatures.
REPRESENTATION:
Can an Agent perform services for more than one party in a transaction?
No, this is called ´Permitted Dual Representation which means that it is okay if the Agent has a explicit written consent from both the client and the engaging (buying) entity, for example a club.
REPRESENTATION:
When can an Agent not perform both Football Agent services and Other services in the same transaction?
When the Transaction includes the following:
a) A Releasing Entity and Individual,
b) A Releasing Entity and Engaging Entity,
c) all parties within the same Transaction (Releasing, Engaging and Individual).
REPRESENTATION:
What should be specified in Transactions transfer agreement?
The Football Agents name, their client, their FIFA licence number and their signature.
REPRESENTATION:
Can a client negotiate and conclude a Transaction without engaging a Football Agent?
Yes, but then it must be explicitly stated in the relevant transfer agreement.
REPRESENTATION:
When will a ´Representation Agreement´be null/void?
When it includes any clause that penalises an individual or limits the individuals ability to autonomously negotiate and/or conclude an employment contract without the involvement of an Agent.
REPRESENTATION:
When can a ´Representation Agreement´be terminated?
An agreement can be terminated at any time by either party if there is a just cause for it. If there is no just cause the revoking/terminating party must compensate the other party for any resulting damage.
REPRESENTATION:
When are there just cause to terminate a ´Representation Agreement´?
When a party can no longer reasonably be expected, according to the principle of good faith, to continue the contractual relationship for the agreed term.
REPRESENTATION:
Situations that are examples of just cause when terminating a ´Representation Agreement´.
a) the withdrawal or suspension of a Football Agent licence,
b) a ban on taking part in any football-related activity,
c) a ban on registrering new players, either nationally or internationally, for at least one entire registration period.
REPRESENTATION OF MINORS:
From what age can you as an Agent represent a minor?
As an Agent, you can approach a minor or its legal guardian when its no more than 6 months before the minor may sign their first professional contract in the country where the minor will be employed. An approach can only be made when the legal guardian has a written consent for it.
REPRESENTATION OF MINORS:
When shall a ´Representation Agreement´ be enforceable?
When the Rep. Agreement is signed by the minor and their legal guardian as provided by law applicable in the country if the member association where the minor will be employed.
SERVICE FEE - GENERAL PRINCIPLES:
What are the principles for the service fee?
a) The service fee is previously agreed upon in the Rep. Agreement.
b) Only the Client can make the payment, not a third party.
c) The service fee due to a Football Agent should be paid on an invoice basis.
d) The Football Agent is entitled to receive a service fee only if it corresponds to the services stipulated in advance in the Agreement. If the employment contract has a longer duration than the Rep. Agreement, the Agent may receive a service fee after det expiry date of the Rep. Agreement.
e) Payment of any service fee shall be made after the closure of the relevant registration period and in installments every three months for the duration of the negotiated employment contract.
SERVICE FEE - GENERAL PRINCIPLES:
(2) What are the principles for the service fee?
a) Where a negotiated employment contract is less than 6 months in duration, payment shall be made in a single installment at the expiry of the negotiated employment contract.
b) When an Agent acts on behalf of a Engaging Entity and an individual in the same Transaction, the Engaging Entity may pay up to 50 % of the total service fee due.
c) All service fee payments to Football Agents shall be made through the FIFA Clearing House in order with FIFA regulations.
SERVICE FEE CAP:
How do you calculate the service fee to a Football Agent?
a) When representing an Individual or Engaging Entity:
> Based on the Individuals Renumeration.
b) When representing a Releasing Entity:
> Based on the transfer compensation for the relevant Transaction.