Racehorse Syndicate Agreement Formula 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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  • 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

BG Racing Syndicates With both flat and national hunt options, 1% shares start at £250 per year.

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.

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.

In the horse world, a syndicate is generally a group of people who pool their funds to invest in a horse together and share the horse's annual costs. Everyone who “buys in” is a shareholder and owns a portion of the horse for a set period of time, or until the horse is resyndicated or sold.

More info

Essentially, they have an agreement to be coowners with fractional interests in a horse, such as a racehorse, breeding stallion, or show horse. 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. A horse syndicate is a group of people who purchase shares in a horse as an investment with the intention of making a profit on what the horse produces. Syndicates are formed when two or more people own a fractional interest in a horse often through a coownership agreement or through an LLC. Syndication is a way of getting involved in racing, breeding or competing on a much higher level than individual ownership. If the horse is registered in the ownership of a registered farm, corporation, syndicate, or stable, all "beneficial. The Syndicate Manager shall cause to be issued, in a form acceptable to the United States Trotting Association and Standardbred. Terms of the agreement, so you will have to keep an eye out for seemingly minor clauses and conditions that could have a big impact on your investment. I have even had stories, all complete, hurtle out at me from life itself.

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Racehorse Syndicate Agreement Formula In Collin