Athlete Agent Financial Services bonds, similar to Athlete Agent or Sports Agent surety bonds, are retained in the state of Texas to ensure that athlete agents adhere to Texas state codes and regulations for their profession. This includes offering incentives to athletes. Agents in Texas must perform all obligations, duties, and responsibilities related to their work and honor the contracts they enter. If they do not, they are required to pay damages to the athlete and/or institution they represent. The bond is designed to both protect athletes and prevent unethical and unlawful practices.