Payment Plan Contract For Horse In Collin

State:
Multi-State
County:
Collin
Control #:
US-002WG
Format:
Word; 
Rich Text
Instant download

Description

The Payment Plan Contract for Horse in Collin outlines the terms and conditions under which a buyer agrees to pay for a horse in installments. Key features include a defined purchase price, simple interest rate, monthly installment amounts, and payment due dates. It also specifies late fees, purchase money security interest in the horse, and actions that constitute default, such as missed payments or ownership transfer. The seller retains rights as a secured creditor, including possession of the horse in case of default. The contract stipulates that no modifications are valid unless written and signed by both parties, and it ensures that prepayments can be made without penalty. This is a vital document for various legal professionals, enabling attorneys, partners, and paralegals to navigate equine transactions more effectively. It is particularly useful for owners and their associates in structuring payment terms to ensure both parties are clear on their rights and obligations.
Free preview
  • Preview Retail Installment Contract or Agreement
  • Preview Retail Installment Contract or Agreement

Form popularity

FAQ

10-15 percent commission on a horse being sold to be in training under a trainer is the going rate.

Equine-related contracts sometimes include a “right of first refusal” clause that restricts how a horse can be re-sold. Through these clauses, a horse buyer agrees to give the seller an opportunity to buy back the horse later under certain specified conditions.

Equine Sales Agent Commission Agreement Form. Purpose and Intended Use: Horse sale commission contract designed for situations where a trainer or other horse sale agent helps a horse owner sell their horse in exchange for a commission. Designed to protect both the horse owner and the horse sale agent.

Actually knows a lot about the horse. And this will indicate how long they've had the horse. SoMoreActually knows a lot about the horse. And this will indicate how long they've had the horse. So sometimes going into it I know that the seller is just just that a seller who bought the horse.

A payment plan agreement, also known as an installment agreement, is a written legal document that allows one party to make smaller payments over time to payoff a larger debt.

7 Essential Checks Before You Buy a Horse! Check the horse matches the passport! Sounds so simple eh? ... Check the competition record. Facebook Stalk! ... Ask around. Seller Reputation. Is he open to a vetting? ... Previous Veterinary History.

If you're selling a horse, you know that buyers may request installment payment plans. Being open to this option can increase the number of potential buyers for your horse. But if you want the transaction to go smoothly, you must make sure that you're informed and prepared.

Including a clear description of the payment plan Clearly state the date the payment plan agreement is being created. List the full names of the parties involved in the agreement. Provide an itemized list of the payments that need to be made, including the payment amount and due date for each payment.

Trusted and secure by over 3 million people of the world’s leading companies

Payment Plan Contract For Horse In Collin