National lottery syndicate agreement

National lottery syndicate agreement

1. National Lottery Syndicate Agreement - Part One
Syndicate Name [< >]
Syndicate Manager [< >]
It is hereby agreed as follows
1. The Members
1.1 have chosen by simple majority the Manager
1.2 agree to pay their individual stake to the Manager in advance of each draw
2. The Manager
2.1 agrees to establish a procedure for agreeing the numbers and combinations to be entered by the
Syndicate for each draw;
2.2 agrees to collect each Member’s individual stake money as quantified in Part Two of this Agreement
prior to the draw
2.3 agrees to purchase tickets bearing the agreed numbers and combinations for the amount of the total
syndicate stake (being the sum of all the individual stakes as quantified in Part Two of this Agreement)
for each draw. If, the total syndicate stake is deficient because one or more Members failed to pay their
stake the Manager shall have absolute discretion as to which of the agreed combinations to enter
2.4 agrees, at his or her absolute discretion, to pay any Member’s individual stake on his or her behalf. The
Member must reimburse the Manager immediately on demand.
2.5 agrees to collect any prize money and disburse it to the Members in a timely manner in proportion to
their individual stakes. The Manager shall hold such monies in trust for the Members at all times prior to
distribution to the Members
2.6 agrees to keep the lottery tickets for one week and make them available for inspection at reasonable
times to the Members if requested
2.7 agrees to provide up to date copies of this Agreement to each Member after each modification or addition
3. Removal of a Member
A Member may be removed from the Syndicate by the Manager:
3.1 if the Member wishes to leave, or
3.2 if the Member fails to pay his or her individual stake for a consecutive period of three weeks, or
3.3 at the discretion of the Manager, if the Member fails to reimburse the Manager for paying his or her
stake in accordance with clause 1 above.
4. New Members
4.1 New members may be accepted into the Syndicate by a simple majority vote of existing Members
4.2 The Manager shall be responsible for updating this Agreement to accommodate the new members
5. Signatures
5.1 The Manager’s signature in Part Two of this Agreement acknowledges that he or she consents to act as
Manager in accordance with the terms and conditions of this Agreement.
5.2 The Members’ signatures in Part Two of this Agreement acknowledge that they are Members of the
Syndicate and agree to abide by this Agreement.
6. General
6.1 This Agreement can only be modified with the agreement of a simple majority of the Members. It is the
responsibility of the Manager to implement such modifications.
6.2 Provided the Manager has acted honestly and in good faith he or she will not be personally liable to any
Member for any loss or damage arising out of any failing of the Manager under this Agreement.
6.3 The manager may be replaced at any time by a simple majority of the Members. Such replacement shall
take effect whether or not this Agreement has been amended to record that fact.
© Signform (UK) Ltd. www.signform.co.uk NLSA-01

2. National Lottery Syndicate Agreement - Part Two
Syndicate Name
[< >]
Manager Date of Appointment Manager’s Signature
[< >] [< >]
Member Individual Stake
per Draw
Date Joined Manager’s Signature Member’s Signature
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The Syndicate will participate in Draws on Saturdays only
© Signform (UK) Ltd. www.signform.co.uk NLSA-01

3. National Lottery Syndicate Agreement-Part Two Continuation sheet
Syndicate Name
[< >]
Member Individual Stake
per Draw
Date Joined Manager’s Signature Member’s Signature
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© Signform (UK) Ltd. www.signform.co.uk NLSA-01