Wagering Agreement
/ˈweɪʤərɪŋ əˈgriːmənt/
Definitions
- (n.) A contract between parties where one agrees to pay a stake on the outcome of an uncertain event, typically involving betting or gambling.
The court examined the wagering agreement to determine its enforceability under state law.
Forms
- wagering agreement
- wagering agreements
Related terms
See also
Commentary
Wagering agreements are generally unenforceable under common law due to public policy considerations against gambling; however, exceptions and statutory regulations exist depending on jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.