### Question
How is the "endorsement contract" defined?


### Answer
The term **endorsement contract** is defined in *15 U.S.C. § 7801* as follows -

> an agreement under which a student athlete is employed or receives consideration for the use by the other party of that individual's person, name, image, or likeness in the promotion of any product, service, or event

#### Citation:
  - *15 U.S.C. § 7801*
  - Heading: **CHAPTER 104-SPORTS AGENT RESPONSIBILITY AND TRUST**

