Horse Racing Syndicate Contract Format In Collin

Category:
State:
Multi-State
County:
Collin
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.

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FAQ

Middleham Park Racing. We are the UK's most successful racehorse syndication company, with over 1,600 winners under both codes, including 72 Group/Graded and Listed race winners.

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.

Syndicates are a form of shared ownership where the Syndicate members own, or lease, an interest in racehorses. A Syndicate is managed and administered by the Syndicator(s) and only the syndicator(s) must register as a Sole/Company owner. It isn't necessary for members of the Syndicate to register as owners.

How do Racing Syndicates work? Racing promoters buy unraced or tried horses at the sales and then syndicate them out to the public for racing. Common share offerings are 5% and 10% and these are available to buy outright or divided up between the group until the horse is 100% sold.

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.

More info

A syndicate generally refers to a group of people who come together to purchase shares in a horse. These ownership structures offer benefits and risks.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. For example, the contract should include whether the syndicate can sell shares on an ongoing basis or who has breeding rights for a stallion. Anyone wishing to apply for a licence to manage syndicates and Racing clubs can access the form here. Syndicate agreements are usually fairly straightforward documents, but an attorney should always review them. AGREEMENT OF PURCHASE, SALE, AND CO-OWNERSHIP. When you buy through links on our articles, Future and its syndication partners may earn a commission.

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Horse Racing Syndicate Contract Format In Collin