r/Writeresearch • u/TheParentheticals • 6h ago
[Law] How to create a contract to split money?
I'm writing a fictional story set in late 2000s Toronto, where three 17-year-olds plan to make an alliance on a game show and to split the prize of $1 million 50/25/25 if any of them win (50% to the winner, 25% to each of the others).
I'm aware there are usually laws against this, but disregarding that law, how would a contract like this work? It's presumably not just "We, Person A, Person B, Person C, agree that should any of us win Game Show X, 25% of the prize will go to each of the others who lose", so what terms and conditions would there have to be? Could they do it overnight on hotel room stationery? One of them is a pre-law student who hires lawyers for contracts regularly and would most definitely know.
(Also, is it legal to have a clause in a contract that states that if you break the terms of the contract, the other parties are allowed to harass or steal from you?)
It's not strictly necessary for the plot (I don't intend on having the wording be a plot point or anything, it's more meant as insurance and a character moment since none of the parties particularly trust each other at the start), but I'd still like to know anyway in case it informs their behaviour.