Horse Racing Syndicate Contract With Nike In Alameda

• Category: Animals - Horses
• State: Multi-State
• County: Alameda
• Control #: US-00039DR
• Format: Word; Rich Text

Description

The Horse Racing Syndicate Contract with Nike in Alameda is a comprehensive legal document that establishes a syndicate for fractional ownership of a thoroughbred stallion. This contract outlines the rights and obligations of initial owners and subsequent purchasers of fractional interests, defining the management structure and the role of the syndicate manager. Key features include the division of the stallion's ownership into equal undivided interests, transferability of interests, management of breeding activities, and the financial responsibilities of each member. Filling out the form requires precise information including the names of owners, fractional interest values, and breeding locations. Target audiences such as attorneys, partners, owners, associates, paralegals, and legal assistants will find it useful for structuring collaborative ownership in horse racing ventures. Legal professionals may particularly appreciate the clarity in voting rights, management duties, and the risk mitigation strategies outlined in the contract. This document serves not only to facilitate legal compliance but also to establish transparent expectations among co-owners, ensuring a well-organized breeding operation.