Horse Racing Syndicate Contract With Nike In Travis

Category:
State:
Multi-State
County:
Travis
Control #:
US-00039DR
Format:
Word; 
Rich Text
Instant download

Description

The Horse Racing Syndicate Contract with Nike in Travis outlines the terms and conditions under which a thoroughbred stallion will be syndicated among multiple owners. This agreement facilitates the division of ownership into fractional interests, allowing participants to jointly benefit from the stallion's breeding capabilities. Key features include the designation of a syndicate manager who oversees the managing, breeding, and care of the stallion, as well as provisions regarding the transferability of fractional interests, the rights and obligations of co-owners, and the management of the stallion's breeding schedule. Filling and editing instructions emphasize the need for precise documentation of owner information, effective communication among members, and thorough completion of all sections related to the syndication. Specific use cases for this document are particularly relevant for attorneys, owners, and legal assistants involved in horse racing ventures, as they navigate complex ownership arrangements, ensure compliance with breeding regulations, and address any disputes through binding arbitration clauses. The form serves as a crucial tool for establishing clear expectations, safeguarding the interests of all parties involved, and facilitating the smooth operation of the racing syndicate.
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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

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FAQ

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: 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.

How much did Travis Scott make from Nike? Complex reports that Scott earns about $10 million annually from his Nike deal.

Travis Scott known for his career as an artist and music producer, has joined forces with Nike since 2017, creating a series of sneakers and collections that have achieved great success among fans and enthusiasts alike.

The Merriam Webster Dictionary defines syndicate as a group of people or businesses that work together as a team. This may be a council or body or association of people or an association of concerns, officially authorized to undertake a duty or negotiate business with an office or jurisdiction.

Clubs tend to be open where anyone can join - you effectively share the costs and fish from there. There can be limits on numbers, but mostly not. Syndicates tend to be limited numbers of places to fish 'special' venues usually containing some very big fish.

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.

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.

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Horse Racing Syndicate Contract With Nike In Travis