Horse Racing Syndicate Contract Format In Suffolk

Category:
State:
Multi-State
County:
Suffolk
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.

Horse Racing Syndicates Horse Racing Syndicates Checklist. Define your Syndicate. Define your Syndicate. The first thing you need to ask yourself is why are you starting a syndicate. Pick your Members wisely. Set up a Management Plan. Ensure Everyone is On Board. Make it Happen. Conclusion.

The parties enter into a contract or “syndication agreement” which specifies the owners and their respective interests, rights, obligations and privileges; identifies the stallion and where it will stand; warrants the animal's health, fertility, and title; specifies transferability of interests and applicable ...

More info

The ownership of the Syndicate Horse is divided into one share per person, who must have an active Racing TV subscription and has opted into the syndicate. Anyone over 16 years of age can apply.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. 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. Often, syndicate agreements specify the manager must preapprove any sales or other transfers of syndicate ownership. Details of administrative agreements relating to VAT on certain specific transactions between members of trade bodies and HMRC. RM 2B23JC1–Riyadh, Saudi Arabia. Victory Ride broke her leg Saturday after completing a quarter-mile of a half-mile workout on Saratoga's main track.

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Horse Racing Syndicate Contract Format In Suffolk