Horse Racing Syndicate Contract Format In Chicago

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

Description

Stallion syndications are contractual agreements where multiple parties combine their financial resources to purchase a stallion for breeding purposes. Each contributor or "owner" owns a "fractional interest" in the stallion, typically entitling them to one breeding right per breeding season. The farm or individual syndicating the stallion will generally retain multiple fractional interests. The arrangement provides for lowered costs and a more diverse breeding for the stallion.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Free preview
  • 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

Form popularity

FAQ

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.

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.

A syndicate agreement is a contract between two parties in which one party agrees to provide capital for another party's business venture. It can also be used as a legal document that defines the relationship and terms of the investment.

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.

The parties enter into a contract or “syndication agreement” which specifies the owners and their respective interests, rights, obligations and privileges; identifies the stallion and where it will stand; warrants the animal's health, fertility, and title; specifies transferability of interests and applicable ...

More info

Often, syndicate agreements specify the manager must preapprove any sales or other transfers of syndicate ownership. Edit, sign, and share Horse or Stallion Syndication Agreement online.No need to install software, just go to DocHub, and sign up instantly and for free. Payment of Filing Fee (Check the appropriate box):. (x) No fee required. This downloadable, do-it-yourself agreement is for anyone needing an Equine Syndicate Agreement for Racing. (b) The Directors of Casino Gambling, Video Gaming, Horse. Historical Horse Racing. That initial Race Tech. Registered in the name of Ownaracehorse Ltd.

Trusted and secure by over 3 million people of the world’s leading companies

Horse Racing Syndicate Contract Format In Chicago