26.1 At the beginning of each season, every team will post a $100.00 bond and sign a Team Contract with GAARA.

26.2 The bond will be paid by the date set for receipt of the first half of the league fees.

26.3 Failure to fulfill the responsibilities listed in the contract will result in a fine being paid to GAARA.

26.4 GAARA fines will be deducted from the $100.00 bond. Teams whose bond level drops to twenty-five (25) dollars or less by December 31st shall put forth an additional fifty (50) dollar bond payable on or before January 15th. Any monies remaining will be returned at the end of the playing season.

26.5 Eastern Region Ringette Association and Ontario Ringette Association fines and fees will be invoiced by GAARA directly to the appropriate team and not deducted from the GAARA bond. Eastern Region Ringette Association fines and fees include but are not limited to missing release forms, risk management forms, and injury/accident forms, and coaching and officiating clinics. Ontario Ringette Association fines and fees include but are not limited to Team Registration Form adjustment fees, provincial tournament fees, fines for coaches not wearing helmets on the ice, and any accumulated interest. If a team has any outstanding invoices as of the AGM all players of that team will be considered “not in good standing” with GAARA and shall not be permitted to register on that or any other GAARA or Eastern Region Ringette Association team until the amount is paid in full.