WINNERS Lottery Club Membership
Terms and Conditions
SECTION I:
ELIGIBILITY PROVISIONS
- Member either is a corporation, a partnership, or a
natural person of legal age in the State and Country in which this
agreement is entered
- Member is not nor ever has been an employee of any
state lottery
SECTION II:
MEMBERSHIP PROVISIONS
- Member agrees that if she/he participates in a Winners
Lottery Club (hereafter referred as WLC) pool, he/she understands that WLC
will be known as "Pool Manager," and he/she will be known as
"Pool Member" in formed lottery pool. Members agree to fund the
pool, and WLC agrees to manage the lottery pool and make all decisions as
to the lotteries played, amount wagered, number of drawings entered, and
the percentage of any winnings each member of an WLC lottery pool is
entitled to
- WLC and members desire to enter into a lottery pool for
the purpose of jointly acquiring and owning various US and foreign lottery
tickets and for the purpose of claiming, receiving, and sharing the
proceeds of any winning ticket. Each pool will consist of twenty (20)
shares, and members may purchase one or more shares. Each member share is
entitled to an equal share of lottery pool winnings
- WLC shall have no duty to purchase tickets for the
lottery pool if prevented from doing so by acts of God; the actions of any
US or foreign lottery; federal, foreign, state, or local government; or
any reason beyond the control of WLC, its agents, or employees. The
members agree that, in any event, WLC liability is expressly limited to
the amount of funds contributed by each member to the lottery pool
- WLC will acquire and hold for the pool members any
tickets purchased for the lottery pool, will claim the prize for any
winning ticket and divide all pool winnings among the winning pool members
in accordance to the pool membership agreement as stated in paragraph B
(above) of the membership provisions. All winnings will be distributed
within thirty (30) days after prizes are collected
- WLC will collect and distribute all prize monies
- In the event of a large win payable via an annuity,
when deemed appropriate, WLC will establish a trust fund for all pool
shareholders and WLC. Lottery funds will be paid directly into the trust
fund for distribution on an annual basis to all shareholders of the
pool. However we are currently
playing for cash.
- In the event of a large win, which has a CASH OPTION,
WLC will elect the CASH OPTION and when deemed appropriate, establish a
trust fund for all pool shareholders and WLC. Lottery funds will be paid
directly into the trust fund for distribution to all shareholders of the
pool
- Each lottery pool automatically terminates after the
last drawing listed on the pool certificate sent to pool members prior to
the start of the pool play
- In case of the death or dissolution of either the
members or WLC, all prize money owing to the deceased or dissolved pool
will go to estate of deceased partner or Successor Corporation of the WLC
- Each WLC member hereby acknowledges and agrees to the
terms of the pool Membership Agreement and will abide by other
requirements as stated in the WLC Pool Participation Provisions
SECTION III: MEMBER
AGREES AS FOLLOWS
- Members understand that any membership fees include
computer set-up, processing, and handling charges. Membership dues may
change without prior notice
- Members understand that the share fees include ticket cost,
computer set-up, processing, and handling charges. Share fees may change
without prior notice
- Members understand the high degree of risk involved in
playing lotteries and acknowledge that participating in a WLC lottery pool
does not guarantee members that they will win any prize and that they can
afford a total loss of their pool share
- Member hereby represents and warrants to WLC that
he/she has sufficient knowledge and experience to evaluate the merits and
risks of purchasing shares in a WLC lottery pool and to make an informed
decision with respect thereto
- Members agree that as a shareholder of a pool with a
large enough prize to warrant a trust fund as provided in SECTION II,
paragraph F & G above, will share the expenses of any legal,
accounting and banking fees associated with the setup and maintenance of
the trust fund at a rate of 12% per share
- Members agree that the IRS will be informed and that
each member will properly file and pay all taxes due based on their share
of any prize claimed. In the event of a dispute or other instance of
doubt, WLC decision shall be final and binding
- Members agree to provide to WLC within thirty (30) days
of any drawing in which winnings exceed an amount which requires filing a
claim for payment with any Lottery Commission, information pertaining to
tax payer identification, such as Name, Address and Social Security
number, for processing a claim and collection of such winnings
- Members agree that if proper taxpayer identification is
not received as stated in paragraph G of SECTION !!! (above), that member
will forfeit the entitled share(s) for that drawing and such share(s) will
revert to WLC.
- Members understand that all persons participating in a
WLC lottery pool must be WLC members.
- Members agree that any information given by them about
WLC will be in an objective and truthful manner.
- Members acknowledge that WLC made available to members
the opportunity to obtain additional information to verify the terms of
this membership agreement and that no other promises or inducements,
either oral or written, were made to them, which induced them to agree to
these terms and conditions of membership.
- Members also agree to indemnify WLC, JuBil Services,
the Winners Lottery Club members, its shareholders, directors, officers,
employees, agents, contractors, and independent contractors, and hold such
parties harmless from and against any costs, expenses, liabilities, and
damages, including reasonable attorney’s fees, arising out of inaccuracy
of the representations and warranties set forth in this agreement.
- Members agree that WLC has proprietary rights to its
membership lists of members’ names and will not use such information to
promote products or services, other than those offered by WLC
- Members agree not to use proprietary trade name and
trademarks of WLC without prior written consent from WLC
- Members agree not to make statements, claims,
representations, or warranties respecting WLC and WLC service, which are
not contained in official WLC promotional materials produced and
distributed by WLC
- Member understands that tickets are acquired at cost,
with the balance of share fees designated for club maintenance and
administration costs
SECTION IV: WLC
AGREES AS FOLLOWS
- WLC agrees to purchase lottery tickets, manage WLC
pools, and distribute any winnings to the appropriate pool participants
- WLC agrees to post on its web site, results of all
active pools, and the results of its closed pools for at least thirty (30)
days
- WLC promises and agrees to keep confidential, any
personal information of members and pool participants, and reveal to no
one except where required by Federal or State Law Enforcement agencies,
any information pursuant to participation in lottery club or pools
SECTION V:
MISCELLANEOUS PROVISIONS
- WLC or member may terminate this agreement by written
notice to the other. Any such notification by WLC to the member shall be
effective upon deposit in the mail, and by the member to WLC after a
thirty (30) days’ written notice
- WLC membership agreement may be modified from time to
time for legal reasons or marketing requirements. WLC agrees to give its
members thirty (30) days’ notice of such modification
- Should any provision of this agreement be void or
unenforceable, the rest of this agreement shall remain in full force
- WLC and members hereby consent and submit to the
jurisdiction of any state or federal court located in the state of
Massachusetts in connection with any litigation arising out of or in
connection with this agreement
- This membership agreement is not transferable without
the prior written consent of WLC
- In the event of death of a member, membership will
terminate and all winnings due to member will be transferred to member’s
spouse or estate
SECTION VI: POOL
PARTICIPATION PROVISI0NS
- A pool will consist of 5-number or 6-number
combinations derived from a "pool set" of numbers selected by
the participants
- The combinations will be derived by the pool manager
from the "pool set" provided by the pool participants
- The derived combinations will be played for consecutive
lottery draws
- Each pool will consist of 20 "player shares"
- Members may purchase one or more "player
shares" in a pool
- Each player must prepay each "player
share" to enter
- Pool winnings will be distributed between the
"player shares" equally.
- Only WLC members are eligible to participate in a WLC
lottery pool
- WLC Members may participate in one or more pools
- Each pool will terminate at the end of the last draw
- Players are responsible for any and all taxes on
resulting income from these pools
- Taxable winnings will be distributed with a statement
of amounts withheld, according to lottery rules
- The ruling document(s) will be the official lottery
ticket(s), which shall be held in trust by the manager of the pool
- Participating in a WLC pool indicates your acceptance
of these provisions