Horse Racing Syndicate Contract With Nike In Arizona

Category:
State:
Multi-State
Control #:
US-00039DR
Format:
Word; 
Rich Text
Instant download

Description

The Horse Racing Syndicate Contract with Nike in Arizona outlines the terms for fractional ownership of a thoroughbred stallion among members, such as Initial Owners and a Syndicate Manager. This agreement divides the horse's ownership into equal undivided fractional interests, allowing individuals to participate in breeding rights and responsibilities. Key features include the rights and obligations of co-owners, management duties of the Syndicate Manager, and protocols for transferring ownership of fractional interests. Filling instructions stipulate that parties must ensure proper documentation and signing procedures are followed. The form serves essential use cases for attorneys, partners, and horse owners looking to formalize their ownership rights and responsibilities, while providing necessary legal protections and management details. Paralegals and legal assistants may find it useful for guiding contract completion and compliance, facilitating easier negotiations among parties involved in syndicate agreements.
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  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement

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FAQ

For a syndicator to be approved by the BHA they must themselves be registered as a sole or company owner. SYNDICATE MEMBERS: Any person who has shares in the ownership, or lease, of racehorses through a syndicate should be listed a syndicate member.

Syndication refers to a co-ownership of a horse, also known as a “co-ownership agreement” when made between two or more people. Each owner owns a fractional interest in the animal and the original owner is the syndicator and the manager.

Horse Racing Syndicates: How to Share Costs and Own a Racehorse Keep the partnership simple and get everything in writing. Find a horse you like and a great veterinarian you trust. Decide how many shares will be offered in a horse. Choose your trainer wisely. Map out a plan and consult with your partners and trainer.

Horse Racing Syndicates Horse Racing Syndicates Checklist. Define your Syndicate. Define your Syndicate. The first thing you need to ask yourself is why are you starting a syndicate. Pick your Members wisely. Set up a Management Plan. Ensure Everyone is On Board. Make it Happen. Conclusion.

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Horse Racing Syndicate Contract With Nike In Arizona