1. A competition is a contract whereby a person undertakes to offer a prize to whoever wins a race in which winning depends on the performance of the competitor. 2. It is valid in a competition for the commitment to the prize to be from some of the competitors or from a third party. It is not valid if it is from all competitors. 3. If the competition is between two teams, each team shall be considered as a single person in the commitment to the prize. 4. Any agreement on gambling or wagering shall be void.
Interpretation and application must be checked against the official text and current version.