Horse Racing Syndicate Contract With Nike In Riverside

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

Description

The Horse Racing Syndicate Contract with Nike in Riverside serves as a comprehensive agreement among the Initial Owners and the Syndicate Manager regarding the fractional ownership of a thoroughbred stallion, referred to as the Horse. This contract outlines the rights and obligations of co-owners, including the division of ownership into equal fractional interests, management responsibilities, and provisions for breeding. Key features include regulations on the transferability of interests, the appointment of a Syndicate Manager, and the governance of breeding activities essential for all co-owners. Filling out this form involves designating owners, specifying the number of fractional interests, and detailing the terms of management. This document is particularly useful for a range of legal professionals, such as attorneys and paralegals, who need to navigate ownership rights efficiently, while also providing clarity and structure for partners and owners managing their investments in equine interests. The contract also allows for the protection of individual interests through provisions for voting and decision-making among members, ensuring that all parties maintain adequate control over their stakes in the horse.