Horse Racing Syndicate Contract With Nike In Chicago

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

Description

The Horse Racing Syndicate Contract with Nike in Chicago is a detailed legal agreement designed to establish the ownership and management structure for fractional interests in a thoroughbred stallion. It outlines the roles and responsibilities of initial owners, syndicate managers, and subsequent purchasers, stipulating that the ownership is divided into equal undivided fractional interests. Key features of the contract include the detailed rights of each owner concerning breeding nominations, transferability of interests, and management of the horse’s care and breeding. Filling and editing instructions emphasize clarity and the importance of each party's acceptance and execution of the contract terms. Utility for attorneys, partners, owners, associates, paralegals, and legal assistants lies in its structured approach to ownership, the facilitation of decision-making within the syndicate, and compliance with relevant state laws. For those involved in the horse racing industry, this contract serves as a vital tool to ensure clear communication and management of interests among co-owners, promoting transparency and protecting their investments in the breeding and racing operations.
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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

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FAQ

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.

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.

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.

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 ...

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Horse Racing Syndicate Contract With Nike In Chicago