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Lottery Syndicate Contract
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For more on marking an answer as the "Best Answer", please visit our FAQ.Hi mats, I run a syndicat at my workplace, fifty people, and we are all on shiftwork, it is awkward, because you have to take into account, eg, someone being sick, so they may miss out on the Jackpot through no fault of their own. You have a big responsibility.
I have about half on standing Orders, and in the contract, I have put two weeks behind, and out, also a small committee, (three).
I don't have a payout as such, all winnings go into a bank account, and if there's enough, there's a payout in time for Christmas, obviously, a big win would be paid out as soon as it comes through.
You can get readymade contracts from W.H.Smiths, www.lottery.co.uk but we wrote our contracts, and I took it to the Citizens Advice Bureau, to have a look, which they did.
As far as late payers are concrned, you have to be hard. Good luck.
Go to www.national-lottery.co.uk
Click on 'Help Area' ( just below frequently asked questions)
Scroll down page and click on ' Ask Evie'
Type 'syndicate form' in ' Ask your Question' box.
Just about everything you need to know will appear!
Lottery syndicates are a legal minefield! You are very wise to put it ion a legal footing. Good luck!
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