Horse Racing Syndicate Contract With Us In Cuyahoga

• Category: Animals - Horses
• State: Multi-State
• County: Cuyahoga
• Control #: US-00039DR
• Format: Word; Rich Text

Description

The Stallion Syndication Agreement is a legal document designed for the formation of a horse racing syndicate in Cuyahoga, outlining the roles of initial owners, a syndicate manager, and subsequent purchasers of fractional interests in a thoroughbred stallion. This contract details ownership division into fractional interests, the rights and obligations of co-owners, and governance of the stallion for breeding purposes. Key features include provisions for the transferability of interests, management structures, and responsibilities for maintaining the stallion. Filling and editing instructions advise members to ensure accurate completion of personal information, including names and addresses, while also highlighting the necessity of retaining copies of all documentation submitted. Specific use cases for this form include its utility for attorneys drafting agreements, partners or owners establishing ownership terms, associates and paralegals managing document preparation, and legal assistants ensuring compliance with state regulations. This contract serves as a framework to facilitate collaboration in the thoroughbred racing industry while minimizing potential disputes and clarifying operational procedures.