March Madness Office Pool Agreement

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March Madness Office Pool Agreement Powered By Docstoc
					This is an agreement between an individual running an office’s March Madness Pool
(the administrator) and the participants of the pool. The agreement states that each
participant must provide the entry fee and completed bracket. The agreement further
includes a provision on pool rules and sets forth the percentages to be paid to the pool
winners. This template March Madness Office Pool Agreement can be modified to fit
the needs of any individual seeking to form or run an office pool.
                   MARCH MADNESS OFFICE POOL AGREEMENT

THIS MARCH MADNESS 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 annual March Madness 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 Bracket and the Entry Fee (as each are
defined below). Participants may submit up to ___________ (__) [Instruction: Insert Amount]
Submissions per person.

    A. Completed Bracket. Participant must submit Participant’s March Madness NCAA
bracket on the bracket template provided by Administrator (or the website that Administrator
selects). The bracket must include Participant’s selections of the winners of all games, the
selections must be in a legible fashion, and include scores where requested (the “Completed
Bracket”).

    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 select a neutral, fair
and common set of rules that assign points for every correct game selection and a method for
tiebreaking (or a website that handles such scoring) and make the rules available to the
Participants. In the event a player has a problem with any of the rules selected by the
Administrator, said player shall promptly notify the Administrator and the Administrator shall
take reasonable steps to review and consider revising the rules. Notwithstanding the foregoing,
once the NCAA March Madness tournament has begun, no changes to the rules will be made and
no Entry Fee refunds will be made.

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 NCAA March Madness tournament.
Upon conclusion of the tournament 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 State], applicable to agreements to be wholly performed
therein, with jurisdiction exclusive to the Federal and State courts locat
				
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Description: This is an agreement between an individual running an office’s March Madness Pool (the administrator) and the participants of the pool. The agreement states that each participant must provide the entry fee and completed bracket. The agreement further includes a provision on pool rules and sets forth the percentages to be paid to the pool winners. This template March Madness Office Pool Agreement can be modified to fit the needs of any individual seeking to form or run an office pool.