Florida Horse or Stallion Syndication Agreement

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State:
Multi-State
Control #:
US-00039DR
Format:
Word; 
Rich Text
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Description

Stallion syndications are contractual agreements where multiple parties combine their financial resources to purchase a stallion for breeding purposes. Each contributor or "owner" owns a "fractional interest" in the stallion, typically entitling them to one breeding right per breeding season. The farm or individual syndicating the stallion will generally retain multiple fractional interests. The arrangement provides for lowered costs and a more diverse breeding for the stallion.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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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

How to fill out Horse Or Stallion Syndication Agreement?

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FAQ

Horse Racing SyndicatesHorse 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.

The best racehorse syndicates are:Hambleton Racing.Value Racing Club.Diamond Racing.Middleham Park Racing.Nick Brown Racing.Shamrock Thoroughbreds.Nick Bradley Racing.Grange Park Racing.More items...

What is syndication? In a horse ownership syndication, a group of people comes together to purchase ownership in a promising horse for a professional event rider. The ownership not only covers the actual cost to buy the horse, but also the annual costs needed to maintain the horse.

Horse racing syndicates are actually often more affordable than buying a horse outright. This is because you don't have to pay for the complete upkeep of the horse yourself. Many owners will also tell you that the price you pay for a share in a racing horse is well worth the perks.

Stallion syndications are contractual agreements where multiple parties combine their financial resources to purchase a stallion for breeding purposes. Each contributor or owner owns a fractional interest in the stallion, typically entitling them to one breeding right per breeding season.

What is syndication? In a horse ownership syndication, a group of people comes together to purchase ownership in a promising horse for a professional event rider. The ownership not only covers the actual cost to buy the horse, but also the annual costs needed to maintain the horse.

Of the 305 claims analyzed for profitability, 61% were profitable. The results indicate substantial financial risk associated with claiming race horses, but conclude that there are positive economic returns on average. Racehorse ownership has long been characterized as a high-risk, unprofitable investment.

In most cases, owners pay an upfront sum plus monthly maintenance fees. Training, racing and veterinary costs add up to about £28,000 a year per horse. Syndicates make money if their horse wins or gets placed in a race, or if it is sold on in the future either for more racing or breeding.

Horse Racing SyndicatesHorse 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.

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Florida Horse or Stallion Syndication Agreement