Liquor
stores – Liquor store owners should ensure they have evidence of agreements to
share lottery winnings from tickets bought at their liquor stores. This is clear from a number of current disputes
declared by lottery winners in the US who refuse to share their winnings with
the owner of the liquor store where the respective tickets had been bought. This, after promising to share when buying the tickets. The winnings range between R3,5m up to
R10m.
Likewise, local
supermarket owners in South Africa should take care to ensure they at
least have the most basic details, such as a name, a percentage share, a date and
a signature on hard copy. It would
probably even be ok to video such an agreement with a cell phone? It seems it's much easier sharing potential winnings, than the hard cash...
[Article
by The Licence Co (LiquorWise Division)]
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