Lottery Syndicate template
The lottery syndicate template is an important form that must be filled in by all the members of the syndicate. It is important to formulate the lottery syndicate template in order to avoid any sort of legal hassles in the future. The template should clearly highlight the necessary amount to be contributed and the winning distribution ratio among each member. The lottery syndicate template is also necessary to avoid any sort of confusion in the future. It serves as record for all the draws that are to be made, the amount required and how much each must contribute. The process makes it easier to run a lottery syndicate. It is important to ensure that there is no confusion as to how the syndicate will operate.
Sample Lottery Syndicate Template:
|Name of Syndicate_________________________ [State the name of the syndicate here]||Manager of Syndicate: _____________________ [State the name of the appointed syndicate manager here]Deputy Manager (if any):__________________|
|Period of Syndication: _____________________ to__________________ [dd/mm/yy] [mention the date of commencement and termination of the syndicate]|
|Name of Players [State the names in a chronological fashion]||Contribution in each draw [per member]||Share of winnings [if any]||Signature of the plaers||Date|
|Specific Clauses [here the legal clauses need to be mentioned. In case of draws made or failure to contribute and the provisions for leaving the syndicate, must be mentioned here]|
|Games, numbers and draw dates [must be entered correctly]||In case of failure to contribute during draws||Provisions for leaving the lottery syndicate|