Horse Purchase Agreement
When you buy a horse for the first time, it may be best to start with a calm and well-trained horse. Be sure to consult with an experienced horseman in order to find your needs. If you plan to raise the horse or use it for sports, I hope you already know everything you need to know, but it`s always a good idea to do your research and advise with experienced people. If you do not intend to consult a lawyer about a contract when buying or selling a horse, protect yourself by writing a simple and enforceable contract covering the essential points of the sales contract. Here`s what it needs to contain. This contract is made on day – 20 – if you are willing to buy a horse, look for sellers of people you know, breeders, advertisements or auctions. Check the credibility of the seller and ask a lot of questions about the horse. Chances are good, if the seller`s records are clear and they have confessions on the horse, they are a trusted seller. Once everything is written and the price is paid, you just need to have a public notary who makes it official and secures the sale against any possible fraud. As a general rule, you will find a notary in your local or regional offices. Congratulations – you are the new owner of a horse! Owning a horse is a great personal responsibility. They are expensive and require a lot of knowledge and experience.
But if you are willing to take responsibility, or if you are an experienced owner who adds to their herd, take the following steps. 1. Identify the parts. These are buyers and sellers, including addresses, phone numbers and social security or federal tax identification numbers. The seller on the contract must be the person (s) listed on the horse`s registration papers. If the seller and registered owner are different, the seller`s power to sell the horse could be called into question. When a partnership or company owns a horse on a breeding register, the registry may require the signature of a person or person; Contact the registration for questions about the necessary possession or signatures. 8.
Insurance. If you sell a horse on staggered payments, you insist on insurance at least equal to the outstanding balance, at the buyer`s expense, being yourself cited in the policy as the beneficiary of losses. Otherwise, if the horse is injured or dies before the final payment has been made, you can get stuck with the buyer for what you owe. (If an expensive show or breeding horse is involved, “loss of use” insurance is also a good idea.) Are you a horse breeder, a rancher or looking for a horse to show in a particular discipline? Or are you just looking for a family horse for the kids? There are many different horses out there and it is important to know what type of horse you want to buy. Are you planning to sell your horse? Go to Equine.com, the largest classifieds site in the equine network, and place your ad! 2. Identify the horse. Include name, age, colour, marks, breed, registration number (if any) and other distinguishing signs. Also include special appointments; for example, if the buyer says that the horse is nominated future, and indicate whether the horse sold bred, with a breeding, or with a foal. 5. Risk of loss. Include when the buyer assumes responsibility for the horse`s injury or death, the resulting injuries and care.
As a general rule, the risk of loss is transferred either when the contract is signed or when the buyer is presented, but it is important to agree on the details. Contracts to purchase Equus horses protect both the buyer and seller of a horse or pony. A horse purchase contract is recommended for both parties and is best designed by a horse lawyer, which will ensure an efficient horse purchase transaction. A riding contract with equestrian passport and veterinary history will help tone the buyer of a horse. Buying a horse with all the riding papers is always advisable.