Current through Register Vol. 47, No. 17, September 10, 2024
This Rule is promulgated pursuant to section
12-110-107, C.R.S.
A. CONTRACT BETWEEN THE PROMOTERS AND THE
PARTICIPANT- WRITING REQUIRED
No professional bout will be approved without a contract with
the promoter and the participant. The contracts must contain a minimum of the
following:
1. Name and signature of
promoter or an authorized designee of the promoter.
2. Name and signature of
participant.
3. Name of the
opponent.
4. Type of
Bout.
5. Date and start time of the
event.
6. Date and start time of
weigh-in.
7. Location of event and
weigh-in.
8. Number of rounds in
the bout.
9. Time limit of each
round.
10. Maximum and minimum
weight allowable.
11. Purse amount
(Includes show and win money and ticket amount given), including a statement
identifying the form of purse payment.
12. Statement that failure to make contract
weight will result in a fine of twenty (20) percent of their compensation that
distributed to the opponent, as well as twenty (20) percent of all bonuses
(including win bonuses) to the opponent.
13. Statement that participant will be
present and on time to the weigh-in and the event.
14. Statements that the purse may be held by
the Commission for violations.
15.
Any deducted fees must be listed (this does not include Commission permit or
license fees).
16. Statement that
indicates participants will be paid by the promoter immediately following the
event.
17. Statement that indicates
a substitute participant will be paid by the promoter if they do not engage in
a bout.
18. Statement whereby the
participant acknowledges the inherent risk of engaging in the sport. The
participant, agrees to waive any claim that they or the participant's heirs may
have against the State of Colorado, or any of its employees or official
representatives as the result of any injury the participant may suffer while
engaging in any bout.
B.
MAXIMUM EFFORT
A participant shall not be fully paid a fee who does not
complete the terms of the contract or compete in good faith or maximum effort
during the bout as determined by the Director or chief inspector.
C. VIOLATION OF CONTRACT
Violation of the terms of a contract by any party may be
grounds for disciplinary action.
D. GUIDELINES FOR REPORTS OF FRAUD
1. If any person has reason to believe that
fraud has occurred, such person must report the issue to the Director in
writing within ten days of the event, unless otherwise extended by the
Director.
2. Any licensee who fails
to report to the Director any fraud, violation of the law or rule may be
subject to disciplinary action.
3.
If a licensee is approached with a request or suggestion that an event is not
conducted honestly, that licensee must immediately report the matter to the
Director. Failure to do so may be subject to disciplinary action.
4. Any licensee, who directly or indirectly
holds, participates in, aids or abets any sham or fake contest or match may be
subject to disciplinary action.
