I'm looking to run a prize competition to win my car ( a very collectable Japanese car)
I've noticed a few of these popping up and, from what I gather, some have not been legal.
How do I keep mine legal in terms of asking a fairly hard question and then using a random number generator to pick a winner from the correct answer entries. Is this legal ? Or is it using chance?
There will be a ticket price and a maximum number of correct entries allowed and a time frame for all the tickets to be sold in.
If the tickets are not sold in time there will be a cash prize - is this allowed?
Also what terms and condition template on this website would be appropriate to use to protect myself fully?
As for entries I have friends asking if they would be aloud to enter the competition? Are they OK to enter?
Many thanks for the help.
I'm not an expert on this method of disposing of assets. It seems likely that the same issues arise as with house sale competitions conducted in this way. See: