(a) No contract between a promoter and a boxer entered into on or after the effective date of this regulation shall be for a fixed term of more than three years, excluding any time that a boxer is unable to compete due to injury or other cause.

(b) No contract between a promoter and a boxer shall contain a provision permitting the contract to be automatically renewed or extended. Notwithstanding the foregoing, such contracts may contain a provision granting the promoter an option to renew for a period not to exceed one year, excluding any time that a boxer is unable to compete due to injury or other cause. Such contracts may not contain more than two such options.

(c) In the event that a boxer's execution of an agreement with a specific promoter is a condition of the boxer being allowed to participate in a specific bout, the term of the contract shall be limited to one year, and shall not contain an option to renew.