Parent NIL Checklist

Before First Deal

Set up a business email for NIL communications Understand your school's NIL policy Review the contract before signing Understand tax obligations on NIL income Know payment terms and timing Understand all deliverables required Discuss intellectual property and usage rights Know termination terms Set up a system to document income Maintain records of all deals and payments

Ongoing

Monitor social media activity related to deals Track deliverable deadlines Review compliance with school rules Keep communication professional Watch for red flags and scams