Horse Racing Syndicate Contract Format In Wake

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

Description

The Horse Racing Syndicate Contract Format in Wake outlines the agreement between multiple owners and a manager overseeing a thoroughbred stallion. It highlights the division of ownership into fractional interests, allowing for shared responsibilities and benefits among co-owners. The form includes essential details such as the rights of the owners, the management structure, and procedures for the transfer of interests. Key features include provisions for the breeding rights of each member, procedures for meetings, and the Syndicate Manager's role. Filling and editing instructions specify how to complete and execute the agreement, ensuring clarity in ownership rights and obligations. Target audience members such as attorneys and paralegals benefit from the comprehensive legal framework, assisting in advising clients involved in horse racing ventures. Additionally, partners and owners gain insight into their roles and economic interests within the syndicate, while legal assistants facilitation the documentation process. Overall, this contract serves as a foundational document for creating, managing, and officiating thoroughbred horse syndicates.
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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.

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.

Middleham Park Racing. We are the UK's most successful racehorse syndication company, with over 1,600 winners under both codes, including 72 Group/Graded and Listed race winners.

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 Format In Wake