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 Rs.__ 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….
Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here
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