I don’t think my buddy would share his Powerball winnings with me.
January 12, 2016 Leave a comment
I like it when the Powerball is over 700 million dollars. Because when it’s that high, it’s socially acceptable to buy Powerball tickets. When the Powerball is at 100 million dollars, tickets are viewed as malt liquor. But when the jackpot is over 700 million, tickets are viewed as a Cabernet Franc from Bordeaux.
I told eight of my closest friends if I won the Powerball jackpot I would give them each a million dollars. They said they would give me a million dollars if they won too.
I said, “Forget that, I don’t trust ya, I need that in writing.”
Once you talk about sharing Powerball winnings, you’re basically business partners in a startup. There’s millions of dollars coming in, rapid expansion, fancy furniture, people whispering into each other’s ear. I don’t want to have one Powerball business completely destroy a relationship.
So to avoid tensions down the road I drafted vaguely valid bilateral contracts spelling out the buddy sharing schedule for the improbable contingency of a won jackpot.
But for the buddies that irritate me, I make sure that those contracts are signed at 3 a.m., in international waters, when we are drunk. That way the contract has a chance of being voidable and there’s a little wiggle room if needed.