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How to Write a Horse Bill of Sale Step 1 ? Date and Parties. Enter the date on 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.
This bill of sale can include important details such as the date of the sale, purchase price, description of the horse, details of any warranties made by the seller, or if the horse is sold "as is." It also has options to specify the method of payment, and can even include a basic right of first refusal.
The Florida Equine Lemon Law requires sellers to provide certain disclosures about the horse's health and history, and buyers have a limited time period to seek recourse if they discover a problem with the horse.
This is a legally binding document that proves that a horse was sold to a buyer and proves that they have taken possession of the horse. In the case of competition animals, the bill of sale is essential to prove that the new owner has the right to show the horse in their name.
How Much Should a Client Pay? Depending upon the price of the horse, the equine professional's reputation in the industry and horse's intended use, commissions are typically 10-25% of the sale price. However, a trainer and client can agree upon any level of commission.
A Horse Bill of Sale is a legal document used to record the sale or transfer of ownership of a horse from one party (the seller) to another (the buyer). This document serves as proof of the transaction and outlines the terms and conditions of the sale.