Wording For Lottery Syndicate Agreementadmin
Finally, your agreement should be signed and dated by all members and by the trustee (who may or may not be a player!), and ideally attested by an independent party. The original must be stored securely and copies must be given to all members. Ok, in short, you need a union contract… You don`t need to cover all these points, but the more you cover, the stronger your position as a union manager is. People cannot read all the conditions, but at least in the event of a dispute, you can refer them under your agreement. At least your contract will ensure that all your members understand what is expected of them and what they can expect from you. For more tips on how to make your life easier as a union manager, click Running Your Own Syndicate. It should help you keep things fun. Good luck. Running a union can be hard work – and often thankless. After all, it`s your fault if the group doesn`t win;-).
But there are also less obvious things that you may not have thought of. Do you expect payments to be made on a specific date? If someone does not fill this date, they are not included in the draw, or there is an additional delay. You want monthly or weekly payments. The tricky part comes when a new member joins or an old part. It is a real pain in the neck to have to modify and reprint the treaty every time. How your winnings are paid, wait until a certain value is reached, or at regular intervals. What happens with the accumulated earnings when someone leaves or if someone joins again. In case of big pay, you want advertising or not. If the numbers are randomly selected each draw, or each player gives a certain number of numbers (and can change them).
Who is responsible for buying tickets (you?) and is nominated as back-up in case you are sick or on holiday. In this way, there will be no nasty surprises. And by unpleasant surprises, I mean that one of your members takes you to court to claim winnings that you say you don`t qualify for, or the tax people who are trying to demand a large part of your winnings! There are some basic and fairly obvious details that your contract should contain, z.B.