Rugged Elegance Equine Sales HORSE CONSIGNMENT AGREEMENT Owner Information Owner: Address: City: State: Zip: Cell Phone: Email Address: Horse Information Horses Registered Name: Registration Assn:.
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How to fill out the Equine Consignment Contract online
The Equine Consignment Contract serves as a vital document for horse owners looking to consign their horse for sale. This guide provides clear, step-by-step instructions to help users complete the contract accurately and efficiently, ensuring a smooth online process.
Follow the steps to fill out the Equine Consignment Contract online.
- Press the ‘Get Form’ button to access the Equine Consignment Contract, and open it in your preferred editor.
- Fill in the owner information section by entering your name, address, city, state, zip code, cell phone number, and email address.
- Provide the horse's registered name, registration association, registration number, breed, birth year, and gender in the horse information section.
- Specify the consignment price that you expect to receive for the horse.
- Indicate the exclusive sales rights period you are granting to the broker.
- Review the terms and ensure you understand the agreement. This includes acknowledging the entire agreement, exclusivity of sales rights, commission structure, and warranty on the horse's title.
- Complete the obligations related to required documentation, including sending the original registration certificate, a signed transfer (if applicable), and the necessary fees.
- Ensure that you declare all pertinent details regarding the horse's condition and guarantees expected.
- Sign and date the contract, confirming your acceptance of the terms stated.
- Once completed, save your changes, and take the opportunity to download, print, or share the form as needed.
Complete your Equine Consignment Contract online today for a hassle-free sales experience.
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Get answers to your most pressing questions about US Legal Forms API.
What is the typical consignment split?
Each consignment shop ultimately creates their own consignment arrangement, but the typical split between the business and the individual seller ranges from 50/50 to 40/60 or 60/40. Who gets the bulk of the proceeds often depends on how established and successful the store is.
What is a horse consignment?
How it works: When you decide to consign a horse, you are hiring a trainer, or a sales barn, to market and sell your horse. An owner and trainer will usually sign a legally-binding contract which should outline what that team or person is actively doing for your horse during the sale period.
What is a typical consignment agreement?
A consignment agreement is a contract that places an item the consignor (or owner) owns with the consignee (or seller) for the consignee to sell. The consignee often takes a commission or fee and then the remainder of the sale price is paid to the consignor.
How much is a consignment agreement?
CONSIGNMENT FEE. The Consignee shall be entitled to Percentage of the full purchase price of the Consigned Items (the “Consignment Fee”). Within [NUMBER] of days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Fee.
What should be included in a consignment contract?
The contract should include the information for both parties, including contact information. Specific information about the goods should also be included, such as where the commodities will be stored, the sales price, what to do with the unsold goods, and what the consignee's fee is for each item.
What is the typical percentage of a consignment agreement?
Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. Consignment arrangements typically are in effect for a set period of time. After this time, if a sale is not made, the goods are returned to their owner.
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