A Sports Agent Surety Bond is a license and permit surety bond required by certain jurisdictions. An athlete agent is a person or company who procures and negotiates employment and endorsement contracts for an athlete. The agent in return receives a percentage of the employment endorsement contract value. The bond guarantees that the agent will perform their responsibilities according to the contract entered into with the athlete as well as not take any more funds than the agreed upon commission percentage.
These bonds are also known as Athlete Agent surety bonds.