Horse Racing Syndicate Contract Format In Phoenix

Category:
State:
Multi-State
City:
Phoenix
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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FAQ

A syndicate is a group of between 3 – 100 people. Horse(s) will race under the syndicate name and carry the syndicate colours. A syndicate has one agent responsible for administration and management. All syndicates are required to have a syndicate agreement and code of conduct.

How many people are normally in a horse racing syndicate? This can vary, but normally racehorse syndicates have between 8 and 20 people as members.

Social Structure A herd of wild horses consists of one or two stallions, a group of mares, and their foals. The leader of the herd is usually an older mare (the “alpha mare”), even though one stallion owns the herd. She maintains her dominant role even though she may be physically weaker than the others.

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.

More info

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.Often, syndicate agreements specify the manager must preapprove any sales or other transfers of syndicate ownership. You can Print this form, fill it out and send the form and payment to the racing commission for approval. Phoenix Thoroughbreds and Phoenix Ladies Syndicate have been barred from racing in Dubai, the Racing Post reported on Thursday. Licensing Hours: Racing Office at Turf Paradise from am - pm, Monday - Friday. THE OWNER: Declan Carroll of the 'Hows Your Father' syndicate 20230721. We offer an exciting and affordable syndicate where you can enjoy the dream of being a racehorse owner. Check out our website for more information. Twice a week, on race days, Benter would sit at the computer and Woods would study the racing form.

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Horse Racing Syndicate Contract Format In Phoenix