Horse Bill Of Sale Form With Buy Back Clause

Category:
State:
Utah
Control #:
UT-01-06
Format:
Word; 
Rich Text
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Description

The Horse Bill of Sale Form with Buy Back Clause serves as a binding agreement between the seller and the buyer for the sale of a specific horse. This form details the transaction's essential terms, including the purchase price and the condition of the horse, which is sold 'as-is' without warranties. It emphasizes that the buyer understands the absence of implied warranties and provides the option for a pre-purchase veterinary examination at the buyer's expense. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it clearly outlines the responsibilities and rights of both parties involved in the transaction. Additionally, it includes conditions under which the sale is made, integrating legal protections for both the seller and the buyer. Filling out the form requires attention to detail regarding the specifics of the horse and the transaction amount, ensuring clarity in the agreement. This document not only facilitates secure transactions but also serves as a reference point for any disputes that may arise post-sale.

How to fill out Utah Bill Of Sale For Conveyance Of Horse - Horse Equine Forms?

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Bill of Sale

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FAQ

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.

A right of first refusal is a right that is granted under a contract that requires that the one who has bought or received a horse, under certain terms and conditions, give the seller an opportunity to own the horse again if or when the buyer wants to part with the horse.

Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.

How to Write a Horse Bill of SaleStep 1 Date and Parties. Enter the date in which the document is being created.Step 2 Horse Description. Horse's Name (if named)Step 3 Purchase Price Information.Step 4 Security Deposit.Step 5 Signatures.Step 6 Acknowledgement of Notary Public.

The bill of sale is typically delivered as an ancillary document in an asset purchase to transfer title to tangible personal property. It does not cover intangible property (such as intellectual property rights or contract rights) or real property.

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Horse Bill Of Sale Form With Buy Back Clause