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Complete Home & Office Legal Guide
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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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1993-08-01
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39 lines
The following individuals agree to join a lottery pool for the
month of ___________________, for the purpose of jointly playing
the _______ State Lottery:
___________________________________________________________ and
the following games of the __________ State lottery: _________
and designate, ______________ as the Lottery Pool Manager for
this month. Each participant shall be liable to contribute $____
per game played.
Each party to the pool shall turn over all funds for the purchase
of tickets at least 24 hours prior to the closing time for
purchase of tickets for each game.
In the event that a person does not do so, they shall nevertheless
be liable to pay in their share of the money used, if a ticket or
ticket is purchased for them.
In the event that any prizes are won, the pool manager, who shall
serve without compensation, shall evenly divide the prize among
the participants, deducting any amount owed for a failure to pay a
required share. ANY AND ALL FUNDS WON AS PRIZES SHALL BE
CONSIDERED TO BE HELD IN TRUST FOR THE POOL BY THE MANAGER. This
agreement shall not automatically renew and shall expire at the
end of the month stated.
In the event of a prize being won in excess of $ ______, and
settlement options are provided, the vote of the majority of the
pool members shall decide. If there is no majority, the pool
manager shall decide.
Any member may withdraw by written notice to the pool manager, and
the pool shall thereupon end, but shall remain in effect for the
past games played as a pool.
This is the entire agreement of the parties and there are no
agreements express or implied not stated herein. This agreement
may only be altered in writing signed by all parties.
Dated: ______________________________.
Accepted and agreed: