Horse Racing Syndicate Contract With Nike In Kings

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

Description

The Horse Racing Syndicate Contract with Nike in Kings is a legally binding agreement that outlines the terms and conditions for a syndicate formed to collectively own fractional interests in a thoroughbred stallion. Key features include the division of ownership into equal undivided fractional interests, the roles and responsibilities of the syndicate manager, and the rights and obligations of the members involved. The form specifies the effective date, management processes, and guidelines for breeding rights. Filling instructions encourage clarity, including listing ownership percentages and contact information. Target audiences such as attorneys, partners, and legal assistants can utilize this document to facilitate syndicate formation, ensure compliance with regulations, and manage breeding-related processes. The form simplifies the transaction process by providing structured guidelines for membership transferability and management operations, making it accessible for individuals with varying levels of legal experience. Additionally, it emphasizes transparency in operations by requiring detailed accounting and communication among members.
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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

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.

Clubs tend to be open where anyone can join - you effectively share the costs and fish from there. There can be limits on numbers, but mostly not. Syndicates tend to be limited numbers of places to fish 'special' venues usually containing some very big fish.

The Merriam Webster Dictionary defines syndicate as a group of people or businesses that work together as a team. This may be a council or body or association of people or an association of concerns, officially authorized to undertake a duty or negotiate business with an office or jurisdiction.

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.

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Horse Racing Syndicate Contract With Nike In Kings