US Legal Forms
Horse or Stallion Syndication Agreement

Horse Racing Syndicate Contract With Nike In Tarrant

Category:

Animals - Horses

State:

Multi-State

County:

Tarrant

Control #:

US-00039DR

Format:

Instant download

Description

The Horse racing syndicate contract with Nike in Tarrant outlines the agreement between initial owners and a syndicate manager managing fractional interests in a thoroughbred stallion. Key features include the division of ownership into equal undivided fractional interests, rights and obligations of co-owners, and the management of breeding processes. It mandates that nominations for breeding, rights to sell interests, and responsibilities for veterinary examinations must be clearly understood. Filling and editing instructions suggest ensuring all parties accurately complete personal information, the outlined terms, and notifications of transfers. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in thoroughbred management, breeding syndicates, or contracts, as it clarifies rights, liabilities, and operational guidelines vital for effective collaboration and compliance in the horse syndication industry.

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FAQ

For a syndicator to be approved by the BHA they must themselves be registered as a sole or company owner. SYNDICATE MEMBERS: Any person who has shares in the ownership, or lease, of racehorses through a syndicate should be listed a syndicate member.

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.