NIL Deal Questionnaire
Questions For Athletes To Ask Companies Before Signing A NIL Agreement
Athlete Name
School Or Team
Company Name
Company Contact And Email
Date
Sport
1. About The Company
| Company name and website | |
| What does your company do, and who are your customers? | |
| Why are you interested in working with me? | |
| Have you worked with other athletes? Can I speak with them? |
2. The Opportunity
| What exactly are you asking me to do? | |
| What are the deliverables (posts, appearances, videos, events)? | |
| How many deliverables, and by what dates? | |
| Who approves my content before it is posted? |
3. Compensation & Payment
| How much will I be paid, or what products or services will I receive? | |
| When will I be paid, and how (check, transfer, payment platform)? | |
| Are there bonuses, performance incentives or expense coverage? | |
| What happens if a payment is late? |
4. Rights To My Name, Image & Likeness
| Where and how will my name, image and likeness be used? | |
| Can you use my content in paid ads, on products or on packaging? | |
| For how long can you use it, and what happens when the deal ends? | |
| Do you need my approval for each new use? |
5. Exclusivity, Length & Ending The Deal
| Does this deal limit me from working with competitors? | |
| How long is the agreement, and can it renew automatically? | |
| How can either side end the deal early? | |
| What happens if I am injured, transfer or leave my team? |
6. Rules, Disclosure & Taxes
| Does this deal follow my school, conference and state NIL rules? | |
| Who reports the deal to my school when required? | |
| Do I need to label posts as paid partnerships? | |
| Will I receive a tax form, and who is responsible for my taxes? |
Red Flags To Watch For
- Pressure to sign right away or without time for review.
- Unclear payment terms or payment only after the deal ends.
- Permanent or unlimited rights to your name, image and likeness.
- Broad exclusivity that blocks other opportunities.
- No written agreement.
This questionnaire is for education and is not legal or tax advice. Before you sign, have a parent or guardian, your school's compliance office, and an attorney or qualified advisor review the agreement.
Innovation Sports & Entertainment GroupNIL Education & Advocacy • info@woodsinnovationltd.com