LBS Fabulous 2020 Lucky Draw Terms & Conditions

LBS Happenings
LBS Fabulous 2020 Lucky Draw Terms & Conditions





Posted in Happenings by Ahmad Naim / January 31, 2020


LBS Fabulous 2020 Lucky Draw Campaign (“hereinafter referred to as “Campaign”) is organised by LBS Bina Group Berhad (“hereinafter referred to as “the Organiser”). This Campaign is open to purchasers who purchased selected properties developed by LBS Bina Group of Companies subject to the terms and conditions contained herein. In order to qualify for this Campaign, the purchasers irrevocably and unconditionally agree to be bound by the following terms and conditions.

 

TERMS AND CONDITIONS:

Eligibility of Entry

  1. The Campaign is open to purchaser(s) who: –
    • Have purchased property priced from RM250,001.00 and above from LBS Bina Group of Companies’ selected projects;
    • Have executed a valid Sale and Purchase Agreement between 1st January 2020 to 31st December 2020 (“hereinafter referred to as “SPA”);
    • Have made the deposit payment for the purchase of the property;
    • Have not defaulted and/or breached any provisions of the SPA;
    • Are not employees of the Organiser and/or its affiliated and related companies.

Any sub-sale purchase of properties developed by LBS Bina Group of Companies shall not be eligible to participate in the Campaign. Purchasers that satisfy the terms and conditions stipulated above shall hereinafter be referred to as (“Eligible Purchasers”). Each SPA signed by the respective purchasers of the property purchased shall only be entitled for One (1) Lucky Draw Entry.

 

Disqualification

In the event the SPA is terminated and/or cancelled and/or the Eligible Purchaser defaults on any payment due and payable under the SPA for any reason whatsoever, the Eligible Purchasers shall be deemed to be disqualified from participating in the Campaign without any notice from the Organiser, and the Lucky Draw Prize if won and been delivered to Disqualified Prize Winner, shall be automatically revoked and upon the Organiser’s request, the Disqualified Prize Winner shall pay the retail price of the Lucky Draw Prize to the Organiser within Seven (7) days of the demand or request made by the Organiser. The Organiser reserves the right to initiate legal action against the Disqualified Prize Winner for the retail price of the Lucky Draw Prize, in the event the Disqualified Prize Winner fail, omit and/or neglect to make such payment.

  • For avoidance of doubt, only the Eligible Purchasers named in the SPA, shall be eligible to participate in the Campaign. In the event the winning Lucky Draw Entry contains more than One (1) Eligible Purchaser, the prize shall be shared equally among the Eligible Purchasers of the winning Lucky Draw Entry or be nominated wholly to any of the Eligible Purchasers of the winning Lucky Draw Entry. The Lucky Draw Prize shall not be nominated or assigned to any third-party and/or be exchangeable for cash payment.

 

Campaign Date

  • The Campaign comprises of Three (3) rounds scheduled as follows:

 

Rounds

Round Lucky Draw Entry for SPA Dated Between Allocated Lucky Draw Date (“Allocated Draw Date”)
1 1st January 2020 to 30th April 2020 May 2020
2 1st May 2020 to 31st August 2020 October 2020
3 1st September 2020 to 31st December 2020 April 2021
  • The Eligible Purchasers’ Lucky Draw Entries shall be randomly drawn via computerised system and be witnessed by independent observers.
  • The Organiser may at its sole and absolute discretion change and vary any of the Allocated Draw Date at any time without any prior notice to be given to the Eligible Purchasers.
  • Lucky Draw Entries that are successfully drawn in the First (1) or Second (2) round, shall not be eligible to participate in the subsequent round(s).
  • Lucky Draw Entries that are not drawn in the First (1) and/or Second (2) round shall be placed in each subsequent draw round(s).
  • The Organiser reserves the right to reject any Lucky Draw Entries at its sole and absolute discretion without having to assign any reason whatsoever.
  • The Organiser will notify the winners of the Campaign (“Lucky Draw Winners”) via email and/or phone call.
  • All Lucky Draw Winners shall be required to furnish their identification documents i.e. NRIC or Passport to the Organiser for verification prior or during collection of the Lucky Draw Prize. The Organiser shall have the right to withhold or forfeit the Lucky Draw Prize from any Lucky Draw Winners who fails to provide identification documents upon collection of the Lucky Draw Prize and/or to collect the Lucky Draw Prize within Sixty (60) days of the Allocated Draw Date.
  • The Organiser reserves the right to substitute or replace any of the Lucky Draw Prizes with any other prize of similar value without any prior notice. All decisions made by the Organiser shall be final, conclusive and binding. Any disputes regarding the decision will not be entertained.

 

Tax and Disbursements Fees

  • All transportation, personal expenses, insurance, stamp duties, transfer fees, taxes, any other duties and/or any other costs, fees and/or related expenses incurred pertaining to the Lucky Draw Prize shall be the sole responsibility of the Lucky Draw Winners. The Organiser shall not reimburse any claims incurred by the Lucky Draw Winners. 
  • All Lucky Draw Winners shall be solely responsible to declare their Lucky Draw Prize winnings with the relevant tax authorities and pay for any levy, duty, charges and tax that is imposed (if any). The Organiser shall not in any way be held liable to pay any charges, tax, levy, fines and/or duty that are imposed on the Lucky Draw Winners by the relevant tax authorities for the Lucky Draw Prize winnings.

 

Exclusion of Liability

  • The Organiser shall not assume full liability and responsibility in the event of any mishap, injury, damage, claim or accidents resulting from the Eligible Purchasers and Lucky Draw Winners participation in the Campaign and from the use of the Lucky Draw Prizes. The Lucky Draw Winners and Eligible Purchasers shall hold the Organiser harmless against any liability and claims and agree to indemnify the Organiser completely for any claims, damages, losses and liability arising from and/or in relation to their conduct or omission while participating the Campaign and from the use of the Lucky Draw Prizes.
  • The Lucky Draw Winners agree and acknowledge the Organiser provides no representation or warranty of any kind whatsoever in respect of any defect or other faults to the Lucky Draw Prize. The Lucky Draw Prize warranty (if any) shall be between the Lucky Draw Winners and the suppliers and in all such cases, the Lucky Draw Winners shall refer directly to the relevant suppliers. The Organiser shall not be liable to compensate and rectify any defect or other faults in the Lucky Draw Prize.

 

Rights of the Organiser

  • The Eligible Purchasers and Lucky Draw Winners agree that the Organiser shall have the exclusive right to use their names and/or photographs as marketing campaign materials for the purposes of advertising, trade and/or publicity without any prior notice and permission of the respective Lucky Draw Winners. The Eligible Purchaser and Lucky Draw Winners shall not be entitled to claim ownership and compensation on the materials.
  • The Eligible Purchasers and Lucky Draw Winners agree to be bound by these Terms and Conditions and the decisions of the Organiser. The Eligible Purchasers and Lucky Draw Winners hereby give their consent to and authorize the Organiser to disclose their particulars to any third-party service providers and/or partners engaged by the Organiser for purposes of the Campaign and/or any customer survey in understanding the Eligible Purchasers and Lucky Draw Winners purchasing behaviour.
  • The Organiser reserves the rights to change, amend, delete, vary and/or add to the Campaign’s Terms and Conditions without any prior notice whereby the Eligible Purchasers and Lucky Draw Winners shall be bound to such changes.
  • In the event of any inconsistency between the Terms and Conditions of any brochures including marketing, or promotional materials relating to the Campaign and the Term and Conditions stipulated herein, the Terms and Conditions stipulated herein shall prevail.

 

How to Redeem Prizes

  • The Organiser shall notify the Lucky Draw Winners and the redemption arrangements via email and/or phone call.
  • The Lucky Draw Prizes shall only be redeemable and/or claimable by the respective Lucky Draw Winners upon fulfilment of the following conditions:
    • For Housing Loan Purchaser(s):

Upon execution of the housing loan agreement by both the Eligible Purchasers and the Financier and it be dated and stamped; or

    • For Cash Purchaser(s):

Upon receipt by the Developer / Organiser the payment equivalent to Fifty Percent (50%) of the purchase price of the property pursuant to the SPA

  • All Lucky Draw Winners shall be required to furnish their identification documents i.e. NRIC or Passport to the Organiser for verification during or prior to the collection of the Lucky Draw Prize. The Organiser shall have the right to withhold or forfeit the Lucky Draw Prize from any Lucky Draw Winners who fails to provide identification documents upon collection of the Lucky Draw Prize and/or to collect the Lucky Draw Prize within Sixty (60) days of the Allocated Draw Date.
  • All costs and expenses incurred by Lucky Draw Winners to claim their respective prizes shall be borne by the Lucky Draw Winners accordingly, and the Organiser is not responsible for such costs and expenses.

 

Miscellaneous

  • The pictures/photos of the Lucky Draw Prizes shown in any advertisement and promotional materials are solely for illustration purpose and may defer from the actual prizes.
  • The Organiser reserves the right at its sole discretion to suspend, modify or terminate the Campaign at any time without prior notice.
  • The Organiser reserves the right at its sole discretion to amend, vary and/or revise the Campaign’s Terms and Conditions stipulated above at any time without any prior notice.
  • The Organiser decisions are final and any claims or requests or correspondence shall not be entertained.
  • The Organiser shall not be responsible for any losses, damage, death or injury arising from usage of the prizes received.
  • All Terms and Conditions herein shall be subject to further revisions without prior notice.
  • The Organiser shall have the absolute right to disqualify any individual that it determines to be tampering with the entry process or the operation of the Campaign, and/or to be acting in breach or potential breach of this Campaign Terms and Conditions.
  • The Organiser reserves the right to cancel, modify suspend or delay the Campaign in the event of unforeseen circumstances beyond its reasonable control.
  • By participating in this Campaign, all Eligible Purchasers hereby warrant that all statements personal details given are true, correct, accurate and complete and that they have read and understood all the Terms and Conditions of this Campaign and agree to be unconditionally bound by it. 
  • By participating in this Campaign, all Eligible Purchasers agree to indemnify and hold the Organiser harmless from and against any suits, claims, losses, damages and expenses, including legal fees that may arise from or in connection with the Campaign.
  • Any Terms and Conditions applicable to this Campaign which is prohibited or unenforceable under any law or regulation shall be ineffective to the extent of such illegality, voidness, prohibition or unenforceability without invalidating the remaining provisions.
  • The Organiser shall invite independent observers to witness the lucky draw on the Allocated Draw Date.

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