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Contract, gaming
 

 

A contract where two persons stand to win or lose as the result of a game. These contracts are void, some were even illegal. However, certain forms of gaming have now been made legal by the Betting, Gaming and Lotteries Act 1963. Gaming is not illegal providing the provisms of this Act are followed. though gaming contracts are still void.

Reference: The Penguin Business Dictionary, 3rd edt.