Common use of Winners Clause in Contracts

Winners. 7.1 Prizes are awarded only to the winners of the Challenge and are subjected to compliance with the following conditions: a) The Deliverables must comply with Section 6 (“Deliverables”); and b) It can be proven that the winning Problem Solvers fulfill all the conditions of eligibility in Section 4. 7.2 No prize will be awarded to any Participant who does not fulfill any of the above conditions. 7.3 No assignment or transfer of any prize is allowed by a winner. If a potential winner cannot be reached, is unable to accept the prize or any portion of the prize for any reason, Problem Owner shall have no further obligation to such potential winner. Problem Owner will not be required to replace any lost or stolen prize after the prizes are awarded to winners. Winners will accept the prize “as is”. Problem Owner disclaims any warranty regarding the prizes. 7.4 Any Participant who does not fulfil the conditions of Participation as provided in the Terms during their registration and/or at any time during the Challenge will be summarily disqualified from the Challenge without prior notice and will not be entitled to any prize. In the event that a prize is awarded to a Participant who does not meet the conditions of Participation when registering or throughout the duration of the Challenge, Problem Owner(s) and/or Organiser reserves the right to require the Participant to return the awarded prize.