7. We agree to designate [name of lottery pool manager] who is a party to this Agreement as the designated representative of all parties (co-owners) of this Agreement, and he/she is authorized to act on our behalf. 1. Keep multiple copies. Keep the documents in order as long as you decide to invest in lottery tickets. 8. We acknowledge that the payment of lottery winnings is made in accordance with the lottery laws and regulations of the state [of origin of the members of the lottery pool]. If the lottery tickets that are the subject of this Agreement result in one or more winnings for which the lottery rules authorize direct payment, a request for direct payment will be made. If these regulations allow the payment of the price to a single natural person, the designated representative claims and holds the price in favor of all the co-owners. The following people agree to enter a lottery pool for the month __ ® The idea of ”saving” will be hilarious and foreign to them. The purpose of this review list is to inform you about this document in question and to help you create it.

This agreement is better maintained. It`s bad enough to lose with the lottery. But win the lottery and then lose your friends because you haggle over who got what would be downright stupid. This Agreement helps protect against this eventuality for two reasons: First, you have the Agreement in writing; and second, everyone has the opportunity to determine if they mean ”really” before signing. One aspect I don`t like about this contract is that it allows a person to participate in the winnings, even though they may not have contributed before the draws. They could therefore ”forget” to make a contribution until after the draw. If nothing wins, they could try to get out of the payout, but if there is a big profit, they could come after and say, ”Here`s my $2 fee, where are my winnings?” My contract would state that if you do not pay in advance, you do not participate in this draw and are therefore not entitled to any winnings. If you`ve decided to increase your chances of winning the record $425 million jackpot on Wednesday by participating in a lottery pool, we`re here to help. Below is a simple lottery pool agreement template that you can use to make sure everyone gets their fair share of winnings. All you have to do is copy the text into our template, replace everything [in parentheses] with the information you need, get john Hancock from everyone in the line associated with their name, and then voila: you have a legally binding lottery pool agreement.

Hi, I found your stuff very useful, but you can improve it by answering my question -)) How many lottery winners have chosen their own numbers? Do you know a website where you can find out the percentage of lottery or Powerball winners who have chosen their own numbers or made a quick selection? *Free start for new members only and no government fees. The lawyer must be part of our national network to benefit from a discount. 5. None of the parties (co-owners) of this Agreement is under the age of 18 or otherwise prohibited by law from purchasing lottery tickets or claiming a prize; _____ However, if you choose a set of frequently selected numbers and win, you may need to share those winnings with many. 4. The following persons participate in this Agreement, all of whom have paid the total [number] of dollars ([$X.XX]) for the purchase of [number] (X) of prize draw entries: 1. We have joined forces to purchase and own [lottery name] tickets 3. The tickets that are the subject of this Agreement consist of [number] of entries for the [name of the lottery] contest draw to be held on [draw date]. This Agreement does not automatically renew and terminates at the end of the specified month. Get legal advice from the lawyers at Rocket Lawyer On Call®.

We make it affordable and easy. 30-minute phone call with a lawyer about a new issue This way, if you`re all arguing about who is footing the bill for the festive dinner at the nearest Michelin restaurant, it won`t be about who bought the most tickets and who won what. It will be a question of who is allowed to pay for Peter Pomerol. Good luck to all. 2. We have an undivided interest in the tickets purchased and own the ticket(s) together as a tenant; Any Member may withdraw by written notification to the Pool Manager, and the Pool will subsequently terminate, but will remain in effect for previous Games played as a Pool. In the event that a prize is won more than $____ and billing options are provided, the majority of pool members decide. If there is no majority, it is the pool manager who decides. In the event that prizes are won, the pool manager, operating without compensation, will distribute the prize equally among the participants and deduct the amount due for non-payment from a required share. ALL FUNDS WON AS PRIZES WILL BE DEEMED TO BE HELD IN TRUST BY THE POOL MANAGER.

6. The total amount spent on the purchase of lottery tickets under this Agreement is [$X.XX] This is the entire agreement of the parties and there are no express or implied agreements not set forth herein. This Agreement may only be amended in writing, signed by all parties. All the legal documents you need – customize, share, print and more and designate _____ as the lottery pool manager for this month. Each participant is required to contribute __ $ per game played. Each party to the pool must return all funds for the purchase of tickets at least 24 hours before the closing time for the purchase of tickets for each game. .