10 Questions a Parent of a Student-Athlete Should Ask an Attorney
What experience do you have with NIL agreements and working with student-athletes?
It’s important to understand the attorney’s background in managing NIL contracts and advising student-athletes on legal matters specific to their sports and business opportunities.How can you help ensure my child’s NIL agreements are fair and protect their interests?
Ask about the attorney’s process for reviewing and negotiating NIL contracts to ensure the terms align with the athlete’s goals and prevent potential legal pitfalls.What legal protections should we include in an NIL contract to safeguard my child’s intellectual property rights?
Discuss the best ways to protect your child’s name, image, and likeness, and how to ensure their IP is not exploited or misused by sponsors, agents, or third parties.How can we ensure my child’s NIL deals comply with NCAA rules and university policies?
Inquire about the attorney’s knowledge of NCAA regulations and how they can help navigate any compliance issues related to NIL deals to prevent eligibility issues.What are the potential risks involved with signing NIL contracts, and how can we mitigate them?
Ask about the potential legal risks associated with NIL agreements (e.g., exclusivity clauses, conflicting deals) and how the attorney can help reduce those risks.Should my child form a business entity (like an LLC or Sole Proprietorship) to manage NIL income, and what legal steps are involved?
Seek advice on whether setting up a legal business structure would be beneficial for managing NIL income, and understand the legal process of establishing such a business entity.How do you handle contract disputes, and what should we do if my child’s NIL deal is violated or unfairly terminated?
It’s important to know how the attorney handles disputes and what steps should be taken if a sponsor or brand breaches a contract or fails to meet their obligations.What should we consider when negotiating exclusivity or non-compete clauses in NIL contracts?
Ask about the implications of exclusivity and non-compete clauses and how the attorney can help negotiate terms that protect your child’s ability to pursue multiple opportunities without restrictions.How can we ensure that any third-party deals (like agents, marketers, or sponsors) are legitimate and not exploitative?
Find out how the attorney can vet agents, marketing firms, or other third parties involved in your child’s NIL deals to ensure they are reputable and aligned with your child’s best interests.How can we protect my child’s personal life and privacy while still benefiting from NIL opportunities?
Discuss strategies to balance public exposure with privacy, ensuring your child’s personal life remains protected while they take advantage of opportunities to promote their brand.
For additional questions or assistance, feel free to reach out to me at in**@**********************es.com. I’m here to help guide you through the legal complexities of managing NIL deals and protecting your child’s interests.
These questions will help ensure that your child is legally protected, making informed decisions and avoiding any potential pitfalls as they navigate the world of NIL agreements.