Horse Racing Syndicate Contract With Nike In Orange

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

Description

The Horse Racing Syndicate Contract with Nike in Orange is a detailed legal agreement that structures the ownership and management of a thoroughbred stallion through fractional interests. This contract outlines key provisions including the formation of a syndicate, definitions of members and their rights, the responsibilities of a syndicate manager, and terms related to breeding rights and nominations. Each fractional interest is represented as an undivided interest, ensuring equal rights and obligations among co-owners, while providing guidelines on transferability, management, and operational expenses. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in equine business operations or syndicates. They can leverage this contract to facilitate the management of shared horse ownership, ensuring compliance with legal standards, while also handling the intricacies of breeding agreements and financial liabilities. Editing and filling out the contract requires precise information on ownership, management, and specific terms related to nominations and breeding rights, making it essential for all parties to have clear communication and understanding of their roles within the syndicate.