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Academy Awards Office Pool Agreement

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Academy Awards Office Pool Agreement Powered By Docstoc
					This agreement is for an office Academy Awards pool between the person in the office
that is running the pool and the participants. The Agreement provides information such
as the amount of the entry fee, the deadline for submitting entry forms, and the manner
in which the prize money will be distributed. This form should be used by someone who
is running or participating in an office Academy Awards pool.
                   ACADEMY AWARDS OFFICE POOL AGREEMENT

THIS ACADEMY AWARDS OFFICE POOL AGREEMENT (the “Agreement”) made as of
___________ [Instruction: Insert Date], by and between ___________ [Instruction: Insert
Name of Person Running the Pool], ___________ [Instruction: Insert Address]
(“Administrator”), and ___________ [Instruction: Insert Participant Name], ___________
[Instruction: Insert Address] (“Participant”).

WHEREAS, Administrator is administrating the Academy Awards office pool for the office of
___________ [Instruction: Insert Company Name] (the “Pool”); and

WHEREAS, Participant desires to participate in the Pool, subject to the terms and conditions
hereof;

NOW, THEREFORE, in consideration of the mutual promises and covenants hereinafter set
forth, the parties agree as follows:

1. Participant Submission. To participate in the Pool, the Participant must submit a completed
Submission (as defined herein) to Administrator by no later than ___________ [Instruction:
Insert Date] at ___________ [Instruction: Insert Time] (the “Submission Deadline”). For
purposes hereof, a “Submission” shall mean a Completed Entry Form and the Entry Fee (as each
are defined below). Each Participant may submit up to ___________ (__) [Instruction: Insert
Amount] Submissions.

    A. Completed Entry Form. Participant must submit Participant’s picks on the entry form
template provided by Administrator (or the website that Administrator selects). The entry form
must include all of Participant’s picks, subject to the Pool Rules, as further described in
paragraph 2 hereof, the picks must be in a legible fashion and include all information required
(the “Completed Entry Form”).

    B. Entry Fee. Each Participant shall pay an entry fee of ___________ Dollars ($_____)
[Instruction: Insert Amount] (the “Entry Fee”), which fee shall allow the Participant to
participate in the Pool.

2. Pool Rules. Prior to the Submission Deadline, the Administrator shall: (a) select a neutral,
fair and common set of rules that assign points for every correct pick and a method for
tiebreaking (or a website that handles such scoring) (the “Pool Rules”); and (b) make the Pool
Rules available to the Participants. In the event that Participant has an issue with any of the Pool
Rules selected by the Administrator, Participant shall promptly notify the Administrator and the
Administrator shall take reasonable steps to review and consider revising the Pool Rules. In the
event that Administrator decides not to revise the Pool Rules, Participant may request to
withdraw Participant’s Completed Entry Form from the Pool and Participant’s Entry Fee shall be
refunded. Notwithstanding the foregoing, once the Academy Awards has commenced, no
changes to the Pool Rules will be made, no withdrawals will be allowed and no Entry Fees will
be refunded.
3. Payment to the Winners. Each Submission’s Entry Fee shall be added to the Pool, which
shall be held by Administrator until the conclusion of the Pool, in accordance with the Pool
Rules. Upon conclusion of the Pool and determination of the winners, the Pool will be
distributed as follows:

    A. First Place Winner:   ___% [Instruction: Insert Amount] of the total Pool

    B. Second Place Winner:     ___% [Instruction: Insert Amount] of the total Pool

    C. Third Place Winner:    ___% [Instruction: Insert Amount] of the total Pool

    D. Last Place:   ___% [Instruction: Insert Amount] of the total Pool

4. Miscellaneous.

    A. This Agreement constitutes the entire agreement between the parties hereto with respect
to the specific subject matter hereof and supersedes all prior agreements or understandings of any
kind with respect to the specific subject matter hereof.

    B. In the event that any provision or part of this Agreement shall be deemed void or invalid
by a court of competent jurisdiction, the remaining provisions or parts shall be and remain in full
force and effect.

    C. Any modification to this Agreement must be in writing and signed by the parties or it
shall have no effect and shall be void.

   D. This Agreement is binding upon and shall inure to the benefit of the respective
successors, licensees and/or assigns of the parties hereto. Notwithstanding the foregoing, this
Agreement may not be assigned by either party without the other party’s prior written consent.

    E. The waiver by either party of a breach or violation of any provision of this Agreement
shall not constitute a waiver of any subsequent or other breach or violation.

    F. This Agreement shall be governed in accordance with the laws of the State of
_____________ [Instruction: Insert St
				
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Description: This agreement is for an office Academy Awards pool between the person in the office that is running the pool and the participants. The Agreement provides information such as the amount of the entry fee, the deadline for submitting entry forms, and the manner in which the prize money will be distributed. This form should be used by someone who is running or participating in an office Academy Awards pool.