Horse Trial Agreement Form
Description
How to fill out Horse Rental Agreement, Waiver, Release And Indemnification Agreement For A Rental Agreement With A Minor At A Camp Or Under Wilderness Circumstances?
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FAQ
How to Write a Horse Sale Contract Identify the parties. That's the buyer(s) and seller(s), including addresses, phone numbers, and Social Security or Federal tax-identification numbers.Identify the horse.Date of sale.Price and terms of sale.Risk of loss.Warranties.Prepurchase exam.Insurance.
If you have an interested buyer but the sale is not complete, get a deposit from the buyer before you agree to take your horse off of the market. The deposit should be in the form of cash or a cashier's check, as personal checks may bounce. The deposit amount should be enough to show the buyer's serious intentions.
A trial is a period of time where the potential buyer takes the horse on a trial to their barn to see whether or not it's a good match. The financial details vary from case to case but usually there is a refundable deposit put down on the horse for the full asking price that will be returned upon the horse's return.
Five things any Lease-to-Own horse agreement must have are: (1) which horse is being sold, (2) who are the seller and buyer, (3) how much is he being sold for, (4) how will payments be set up and when will they be made, and (5) when does the buyer get the horse and when does the horse transfer ownership.
In a simple horse sale situation, the buyer pays the seller in cash at the same time that the buyer takes possession of the horse. In contrast, during a trial period, the seller still owns the horse, but the buyer has possession of and control over the horse. This dynamic blurs the lines of responsibility.
