Sailing Term Sheet

I. Overview

This Term Sheet outlines the fundamental terms and conditions for participation in the sailing series organized by [YOUR COMPANY NAME]. It serves as an agreement between the organizers and the participants, to ensure clarity on the schedule, courses, scoring system, as well as the rights and responsibilities of each party involved.

The details provided herein are essential for maintaining fairness, competitiveness, and safety throughout the series, which are the top priorities of the event organized by [YOUR COMPANY NAME].

II. Schedule

The Sailing Series will consist of multiple races over a period specified here:

Start Date: [Start Date]
End Date: [End Date]
Locations: [List of Venues]
Total Events: [Number of Races]

Participants are required to check in at least one day before the start of each event. Changes to the schedule will be communicated by [Event Coordinator Name] from [Your Department] with at least [Notice Period] in advance.

III. Courses

The courses for each racing event will vary depending on wind conditions and other safety factors. Detailed maps and descriptions will be provided for the following courses:

Long Distance Race Course
Technical Course with Mark Rounding
Inshore Course for Light Wind Conditions

Participants are expected to familiarize themselves with each course layout and must attend the pre-race briefing session conducted by the race committee headed by [Race Committee Head].

IV. Scoring System

The scoring for the sailing series will be conducted based on the following guidelines:

Each race finish position will earn points with 1st place earning [Points for First] points, decreasing by one point per position down to the last place.
Bonus points for specific challenges or checkpoints are announced on the race day.

Scores will be tallied immediately following the conclusion of each race and updates posted electronically via the official website provided by [YOUR COMPANY NAME]. The series champion will be declared at the end of the last race based on the highest cumulative score.

V. Rights and Responsibilities

Participants rights include but are not limited to:

Access to scheduled race events and official gatherings.
Right to appeal decisions or scores believed to be incorrect or unfair.

Participants' responsibilities include, but are not limited to:

Maintaining respect for all competitors, organizers, and marine life during events.
Ensuring all personal and team equipment complies with safety regulations set forth by [YOUR COMPANY NAME].
Adhering to the outlined schedule and participation guidelines without exception unless cleared by [Event Coordinator Name].

VI. Agreement

By signing this Term Sheet, the parties agree to all terms outlined herein. This document is binding from the date of signing through the end of the series and ensures commitment from both parties to uphold the framework developed for a competitive and fair Sailing Series.

Please sign below to indicate your agreement:

[Participant Name]
[Date]

[Your Name]
[Your Company Name]
[Date]