Racehorse Syndicate Agreement Formula 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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  • 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
  • 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.

Syndication refers to a co-ownership of a horse, also known as a “co-ownership agreement” when made between two or more people. Each owner owns a fractional interest in the animal and the original owner is the syndicator and the manager.

More info

The syndicate manager should provide all potential investors with a detailed business plan and proposed syndicate agreement asking them to come up with cash. Rules are codified quarterly in the Code.Supplement release dates are printed on the footers of each Chapter. The authenticated pdf of the Administrative Register (A. Essentially, they have an agreement to be coowners with fractional interests in a horse, such as a racehorse, breeding stallion, or show horse. Refer to the notes at the end of a Section to learn about the history of a rule as it was published in the Arizona Administrative Register. We expect to incur numerous expenses in our efforts to breed, raise, buy, sell, pinhook, syndicate, and race thoroughbred horses. Walker's formula was the right approach at the right time as he retired the track's outstanding debt and declared the first-ever dividend for Turf. Or you can call 1–800–829–1040. Adaptation in the Thoroughbred racehorse.

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Racehorse Syndicate Agreement Formula In Phoenix