The following words shall have the meanings set out below:
the business of forming, marketing and managing racehorse and breeding syndicates as carried on by the company under the trading name Owners Group.
Axom Limited (company no: 3319164)
"general terms and conditions"
the terms and conditions set out in this document which govern all syndicates.
"horse" or "racehorse"
any horse acquired by the company for the purpose of forming a syndicate.
all industrial and intellectual property rights now or subsequently owned by or licensed to the company (including without limitation) domain names, patents, trade marks and service marks (whether registered or unregistered), registered designs, unregistered designs and copyrights (and any applications for any of the same) which are used in connection with the business and all confidential information so owned and used.
all such persons in one syndicate who own shares in the same horse for whom that syndicate was formed. The term "Member" shall relate to one person in such a syndicate.
means an equal division of the ownership of a horse as determined by the company at its absolute discretion.
a racehorse or breeding syndicate formed, marketed or managed by the company for the purpose of the business.
"syndicate terms and conditions"
all such terms and conditions issued by the company that govern one specified syndicate alone and are described by the company as being specific to that syndicate.
"Terms and Conditions"
means both the general terms and conditions and syndicate terms and conditions in relation to any one syndicate.