Bounties,Contracts,Rewards

I have searched the headings in our forums and didnt see Bounties, Contracts, and Rewards adressed. Can someone explain How these work, How to claim them and what the rewards do or are spent on. Are they removed when someone kills the target. Or to make it simple, link a place where I can read it :)
contracts are an attempt to promote wpvp.

contracts are selected at random by the scorekeeper and sent to both factions. the first oQueue user to kill the target will gain the stated rewards for their faction. the killing blow decides who gets credit for the kill.

once you have killed the target, the scorekeeper will receive the info and award the 'crowns' to your faction.

contract targets are npcs and can be the same for both sides, as in the case of rares, or different, like bankers in SW or Org.
Do you need to be in an OQueue group? I killed an npc but wasnt in a group, or have an account setup yet but had the addon. This might answer itself soon, I will try again :)
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