1. A. Except as otherwise indicated, a contract between a contestant and a manager shall be:

   1. (1) Notarized; and
   2. (2) Filed with the Commission 5 business days before the contestant first participates in a contest in this State.

2. B. Provisions of Contract.

   1. (1) An executed original contract between a manager and a contestant shall be filed with the Commission.

   2. (2) A contract shall include the following provisions:

      1. (a) That there is no financial interest in the earnings of the contestant by any person other than the manager or managers of the contestant;
      2. (b) That a manager or managers will receive not more than 33-1/3 percent of the gross earnings of the contestant;
      3. (c) That the contract has a duration of not more than 5 years;
      4. (d) That the contract may not be extended beyond its initial term; and
      5. (e) That the contestant shall comply with all laws, regulations, and directives of the Commission.
3. C. An assignment of interest in a contract filed with the Commission may not be valid unless it is approved by the Commission.
4. D. A manager may not sign a promoter-contestant contract on behalf of a contestant which obligates the contestant to compete in an event scheduled to take place after the expiration of the contract between the manager and contestant.
5. E. A contestant may not sign a contract with any other manager during the term of an existing contract the contestant may have with a manager.

Authority: Business Regulation Article, §4-205, Annotated Code of Maryland

Effective date: October 1, 1965

Subtitle revised effective August 26, 1985 (12:17 Md. R. 1705)

Regulation .01 amended effective June 24, 1991 (18:12 Md. R. 1338); July 6, 2009 (36:13 Md. R. 898)

Regulation .01C, F amended effective September 3, 1990 (17:17 Md. R. 2079)

Regulation .02 amended effective December 28, 1987 (14:26 Md. R. 2744); June 24, 1991 (18:12 Md. R. 1338); July 6, 2009 (36:13 Md. R. 898)

Regulation .03 amended effective July 6, 2009 (36:13 Md. R. 898)

Regulation .03E amended effective September 3, 1990 (17:17 Md. R. 2079)