Horse Racing Syndicate Contract With Nike In Montgomery

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

Description

The Horse Racing Syndicate Contract with Nike in Montgomery outlines the establishment of a syndicate for fractional ownership of a thoroughbred stallion. It incorporates key features such as division of ownership into fractional interests, designation of a syndicate manager, and protocols for managing breeding and care of the horse. The contract stipulates the rights and obligations of members, including nomination rights for breeding each year based on the number of fractional interests owned. Filling out this contract involves inputting owner details, number of fractional interests, and the identification of the syndicate manager. It also necessitates understanding financial contributions and management responsibilities. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in equine law, as it provides clarity on ownership stakes, legal rights to breeding, and responsibilities associated with horse care, enabling efficient syndication processes and legal compliance.