NC S574

Expands the definition of "agency contract" under North Carolina's Uniform Athlete Agents Act to include Name, Image, and Likeness (NIL) contracts in addition to professional sports and endorsement contracts.

Requires NIL agency contracts to include a warning notice advising student-athletes to consult their institution before entering into NIL contracts and warning that conflicts with state law or institutional policies may result in loss of athletic eligibility.

Prohibits athlete agents currently or formerly employed by an educational institution within the prior two years from entering into NIL agency contracts with student-athletes enrolled at that institution.

Exempts records related to student-athlete NIL contracts from public disclosure under North Carolina's public records law when the records are only in an institution of higher education's possession for compliance review purposes.

Establishes that student-athletes may cancel NIL agency contracts within 14 days after signing and allows student-athletes to void contracts that don't comply with required contract form provisions.