This reads fine in Office 2010, though the titles are tilted.
But imho you should drop the idea in a spoiler here if you want the community to take part.
It ain't that much and despite the rule set the presentation method is not too important at first.
Some things that popped up for me:
1.) I would simplify the "positive" scoring page 9 towards the (better) negative one.
Or questions like: "What about counter moves, guard cancel, etc.?" will arise.
Question already is if you - after simplifying page 9 - can ditch page 10 completely.
Since you don't mention starting points, so initial losses will give negative results.
2.) Winning by time over gives 50 points / losing a round costs 100 points - I'd say drop this completely or even the odds.
Despite winning by time over means you weren't good enough...
3.) Chars like Tarma from Metal Slug are chibi. Personally I have those in my roster. I fight them regardless of their size.
You don't plan to scale (or at least you don't mention it) big chars either. Take TamTam from Samurai Shodown for example.
I'd prefer to dismiss that rule.
And the chars look crappy when scaled up.
4.) All you write does imply you accept the use of AI controlled chars in your tournament.
Personally I wouldn't allow AI control outside the triggered events during normal play. Therefore state it 100% clear!
//AI matches welcome OR AI matches illegal.\\
You can drop the - pArry on sight - then, too... If somebody can read you well and is good with a parry-happy char, he/she would face possible ban regarding your rules.
;Filename of sprite data