Formal Lottery Syndicate Agreement

2
the!
Members!participating!in!that!draw![subject!to!clause!4.9!below].!
!
3.2!The!Member!to!whom!a!prize!is!paid!shall!be!a!trustee!of!such!prize!
for!the!
other!Members!to!the!extent!of!the!share!of!each.!
!
3.3!Each!share!shall!be!paid!to!the!Member!entitled!within![7]!days!of!
receipt!by!
the!winning!Membe r.!
!
3.4!Any!share!not!so!paid!under!clause!3.3!above!shall!bear!interest!at!
the!rate!of![5]!%!above!the!base!lending!rate!of!(name!of!bank)!from!
time!to!time!in!force.!
!
4.1!Each!member!will!pay!to!the!organizer!in!cash!the!weekly!stake!of!
[£1.00]!by!noon!on !th e![T h u rsd a y]!im m e d iat ely!p re ced in g !eac h !Lo tt ery !
draw!and!it!shall!be!a!condition!of!participation!in!any!draw!and!in!
entitlement!to!share!in!a!prize!under!this!agreement!that!this!
requirement!is!met!exa ctly.!
!
Unless!clause!4.4!below!(standing!choice)!applies:!
!
4.2.1!Each!Member!shall!on!payment!of!the!Weekly!Stake!provide!the!
Organizer!with!a!completed!Lottery!playslip.!
!
4.2.2!If!a!Member!does!not!hand!to!the!Organizer!a!completed!playslip!
in!due!time!but!has!p aid !a!Weekly!Stake!the!Organiser!is!au tho rise d ![an d!
required]!to!complete !a!Lo tte ry!p lay slip !on !b eh a lf!of!th e!Member!with!
such!numbers!as!are!appropriate!to!entry!into!the!Lottery!as!he!thinks!fit!
without!liability!for!failure!to!win!a!prize.!
!
4.2.3!Any!prize!won!as!a!result!of!completion!of!a!playslip!in!accordance!!
with!clause!4.2.2!above!shall!be!shared!in!accordance!with!clause!3!
above.!
!
4.4!A!Member!shall!be!permitted!to!lodge!with!the!Organiser!a!standing!
choice!of!numbers!whereupon!the!Organiser!will!so!long!as!the!Weekly!
Stake!of!that!Member!is!in!his!possession!complete!and!submit!that!
Member's!Lottery!playslip!each!week!in!accordance!with!that!choice.!
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Formal Lottery Syndicate Agreement PDF

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