Template · v0.1-draft
Future Rewards / Prize Terms
Placeholder terms should recognition ever carry material value.
This is a working template. It is not legal advice and has not been reviewed or approved by a lawyer. Structure only. No operative legal language has been written.
Who this applies to
Nobody yet. No prizes, rewards or paid recognition currently exist.
What the final text must cover
- 01
Nature of recognition
That recognition is conferred, not scored or won.
Operative wording to be supplied by counsel
- 02
If a prize is ever offered
Eligibility, selection, judging and notification.
Operative wording to be supplied by counsel
- 03
No purchase, no entry fee
Whether participation could ever be a paid entry.
Operative wording to be supplied by counsel
- 04
Taxes and value
Who bears any tax, and how value is declared.
Operative wording to be supplied by counsel
- 05
Publicity of winners
That naming a recipient still requires her separate release.
Operative wording to be supplied by counsel
- 06
Jurisdictional carve-outs
Where such promotions are restricted or prohibited.
Operative wording to be supplied by counsel
Open questions for counsel
- Does any prize element convert the challenge into a regulated promotion or lottery?
- Should recognition be kept deliberately non-material to avoid this entirely?