Equine Boarding Contract With Trial Period
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
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FAQ
How to Write a Horse Sale ContractIdentify the parties. That's the buyer(s) and seller(s), including addresses, phone numbers, and Social Security or Federal tax-identification numbers.Identify the horse.Date of sale.Price and terms of sale.Risk of loss.Warranties.Prepurchase exam.Insurance.More items...?
In a simple horse sale situation, the buyer pays the seller in cash at the same time that the buyer takes possession of the horse. In contrast, during a trial period, the seller still owns the horse, but the buyer has possession of and control over the horse.
A trial is a period of time where the potential buyer takes the horse on a trial to their barn to see whether or not it's a good match. The financial details vary from case to case but usually there is a refundable deposit put down on the horse for the full asking price that will be returned upon the horse's return.
Generally, the purchase agreement should contain a specific time that the deal will be closed and a clause stating that the buyer's deposit will be refunded if the horse is injured before the close of the transaction.
Noun Informal. an opponent who performs against a superior foe in a workout or exhibition.
