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Pre Purchase Agreement Horse

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. So, horse buyer, you`ve finally found your dream horse! And, horse salesman, you`re about to make the sale you were hoping for. But there is a catch: the potential buyer wants to take the horse for testing.? Hmm…. I. If the horse needs to pass a pre-emption test, indicate the name of the veterinarian, the tests that can be included and who pays. Many experts recommend that the pre-emption examination be conducted in court before a horse leaves. In this way, if the horse becomes lame or sick, the problem can be identified before the horse is put in the hands of a buyer. What happens if the owner of the horse cannot be informed quickly? If the horse is sick, injured or dies during the trial, what are the obligations of those involved? Who pays Veterinary bills or the loss of the horse? Q. What food and dietary supplements should be provided to the horse and who makes them available. This is why a written and signed contract, which deals with predictable contingencies, including the most pessimistic scenarios, is a must when horses are tested. The preamble to the contract should list the full names of the seller and buyer (if they are companies such as a company or LLC, whose names should also be listed) as well as the current addresses. There must be an accurate description of the horse (including name, breed, gender, colour/marking, size and age).

In addition, the address of the farm on which the horse must be tested must be indicated at the same time as the start and end dates of the race. A model for the sale of horses only for orientation. Legal advice should be sought to ensure that any written agreement is legally binding. Keeping a verbal promise is like not checking your teeth to check the horse`s age. That`s a conclusion. If you think you are too busy to deal with a contract, then you are too busy to deal with the legal problems that will arise if the other party does not respect your oral agreement. Even if it is rare, an unethical buyer could steal the horse. Ensure that the contract provides for the purchase of insurance to cover the potential loss of a horse, as well as strict provisions that describe precisely where the horse should be kept and whether it should be authorized by these premises. The theft of a horse would likely result in both criminal and civil actions. In both cases, a written and signed contract, which explicitly defines the parameters of the transaction between the buyer and the seller, would be decisive evidence in court. Don`t need a contract? Consider this .

. . For the sale of the horse named: How the horse should be taken care of in case of illness or injury (including veterinary care, fees and notification of the seller), as well as the number paid by the horse, and the amount of payment, the horse must die. 1. Sale price /deposit/ payment method/refunds. If you agree to buy the horse after a trial period, the purchase price must be indicated with the payment method (cash check, cash) and when payment is to be made. If the seller requires a security deposit, conditions such as the amount, the application of the deposit to the final sale or how a refund of the deposit should be handled in the event of an unsuccessful lawsuit must be included. In addition, there should be a declaration that, in the event of a full payment of the purchase price, the seller will grant the buyer full legitimate possession of the horse.

If the sale contains sales documents, registration documents, coggins or other certifications, list them as well. Another area of concern is the potential for the horse to cause property or bodily damage to the potential buyer or to a third party. In both scenarios, it is advisable to require the purchase of full insurance for the trial period.

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