QUESTION

Is it possible to create a binding contract verbally to share lottery winnings?

Asked on Apr 14th, 2014 on Breach of Contract - Kansas
More details to this question:
N/A
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1 ANSWER

Appellate Practice Attorney serving New York, NY
Yes, but some contracts are required to be in writing, so you have to be careful not to fall in one of those categories.  Also, contracts generally require consideration (quid pro quo) to be valid.  For example, contracts which can't be performed within a year generally have to be in writing to be enforceable, which means that an agreement that you will, out of the goodness or your heart, share any lottery winnings you have in 2016 would have to be in writing to be enforceable and also would be invalid for lack of consideration, while an oral agreement to share any 2014 lottery winnings in exchange for the other party agreeing to clean your house once a week for the next 3 months, probably would be enforceable.
Answered on Apr 14th, 2014 at 4:49 PM

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