Horse Racing Syndicate Contract Format In Collin

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

Description

The Horse Racing Syndicate Contract format in Collin serves as a detailed agreement for the joint ownership of a thoroughbred stallion, outlining the rights, responsibilities, and governing structure for its members, referred to as co-owners. Key features include the syndication of ownership into fractional interests, provisions for breeding, management duties of a designated Syndicate Manager, and the rules governing the transfer of interests. It is structured to protect the financial and legal interests of all parties involved, ensuring clarity in operational duties and decision-making processes. Filling instructions emphasize accuracy in recording details such as names, addresses, and ownership percentages, while editing relates to ensuring compliance with evolving syndicate needs. This contract is particularly useful for attorneys, partners, and owners looking to formalize joint horse racing ventures, paralegals and legal assistants managing documentation, and associates coordinating various administrative tasks. By utilizing this form, stakeholders can maintain transparent relationships and mitigate potential disputes regarding ownership rights and profit distributions within the syndicate.
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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

Form popularity

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.

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Horse Racing Syndicate Contract Format In Collin