Florida Horse Agreement With Trial Period
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FAQ
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.
The sale date and cost of the horse. The name and signature of both parties (the buyer and the seller) and if possible a third party witness. Description of the horse including name, age, colour, markings, height, sex. A list of any documentation provided with the horse such as registration papers and the horse's
When buying from a horse dealer what if any added rights do I have compared to buying private? If the horse does not meet with those requirements then the consumer is entitled to reject the horse and request a full refund within the first 30 days of taking possession of it.
If you are in the equine breeding business, it is essential. Papers may be required to compete on a professional level in certain events, like jumping or horse racing. Some people just like the idea of knowing that they own a 'pure bred' horse or they feel the horse may have a higher resale value.
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.