Georgia Contract to Train, Board and Show Horse with Option to Purchase

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US-01595BG
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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.

Georgia Contract to Train, Board, and Show Horse with Option to Purchase A Georgia Contract to Train, Board, and Show Horse with an Option to Purchase is a legally binding agreement between a horse owner and a trainer or boarding facility in Georgia. This contract establishes the terms and conditions under which the horse will be trained, boarded, and shown, with the option for the owner to purchase the horse at a later date. This contract outlines the responsibilities of both parties involved, ensuring transparency and clarity. It ensures the horse owner that their horse will receive proper training, care, and show preparation, while also offering the trainer or boarding facility protection and compensation for their services. The contract serves as a comprehensive agreement for the training, boarding, and showing of the horse, while also granting the owner the right to potentially purchase the horse. Keywords: — Georgia: This contract specifically refers to the state of Georgia, indicating that the agreement falls under the jurisdiction and laws of Georgia. — Contract: Refers to the legally binding agreement between the horse owner and the trainer or boarding facility, outlining their respective rights and responsibilities. — Train: Indicating the obligation of the trainer or boarding facility to provide training services to the horse, encompassing various aspects such as riding, groundwork, discipline-specific training, and more. — Board: Referring to the provision of housing, feeding, and general care for the horse at the boarding facility. — Show: Signifying that the horse will be prepared and potentially entered into various horse shows as part of the agreement. — Option to Purchase: Specifies that the horse owner has the right to purchase the horse at a later date, usually at an agreed-upon price or through negotiations. Types of Georgia Contracts to Train, Board, and Show Horse with Option to Purchase: — Georgia Contract to Train, Board, and Show Horse with Option to Purchase for Show Jumping: This type of contract specifically focuses on training and showing the horse in show jumping events. — Georgia Contract to Train, Board, and Show Horse with Option to Purchase for Dressage: This variation of the contract centers around training and showing the horse in dressage competitions, emphasizing precision and obedience. — Georgia Contract to Train, Board, and Show Horse with Option to Purchase for Western Pleasure: This type of contract highlights the training and showing of the horse in western pleasure events, which prioritize a relaxed, comfortable, and smooth gait. It is important for both the horse owner and the trainer or boarding facility to carefully consider and negotiate the terms of the contract to ensure the best possible outcome for all parties involved. Seeking legal advice when drafting or entering into such a contract is advisable to guarantee its enforceability under Georgia law.

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FAQ

What is a Right of First Refusal? 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.

In addition to the price, a sales contract should state the time for payment, the method for payment, and any payment schedule (e.g., lump, installment, etc.) agreed upon. A sales contract should address the many different aspects of the delivery of the goods and/or services.

Aside from the agreed-upon price, including any adjustments or deposits, your sales contract should outline: How and when the buyer will receive an invoice. The timeline for payment. Acceptable payment methods, like email transfer, bank draft, certified check, cash, etc.

A contract will include offer, such as the sale of a horse, and acceptance, such as the purchase of that horse. Horse people often think deals can be sealed with handshake alone. But a handshake offers minimal, if any, legal protection. But there's much more to writing a legally binding agreement.

When Should I Use a Horse Bill of Sale? Anytime you plan on selling, buying, or transferring ownership of a horse from one person to another, you will need a Horse Bill of Sale. This sales document is important in detailing everything related to the purchase and transfer. This is a legally binding document.

Full-Care Boarding In a full-care arrangement, the stable takes care of all your horse's day-to-day needs. This typically means feeding, stall cleaning and turnout. Blanketing and other extras may or may not be included in full-care board. Veterinary service also might be provided.

Pasture Boarding Pasture board means your horse is living out on pasture 24/7, usually with a herd. They have shelter, food, and water. Some facilities only offer hay to pasture boarders. Others only offer self care pasture boarding.

Standard commissions range between 10 percent and 15 percent and may apply to both the buyer's and seller's agents. Agree ahead of time what your budget will be and if the commission must be included in your budget.

How to Write a Horse Sale ContractIdentify 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.More items...?

Repossession is the act of taking back an item, such as a horse, that has been sold on credit when the buyer has violated a payment arrangement. The process may seem as simple as entering the non-paying buyer's barn, removing the horse, and hauling it away.

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Georgia Contract to Train, Board and Show Horse with Option to Purchase