Illinois Waiver and Release by Purchaser for Sale and Delivery of Horse
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How to fill out Waiver And Release By Purchaser For Sale And Delivery Of Horse?
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FAQ
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.
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.
First, you should know that if you are buying or selling a horse in the state of California, you will need to have a written bill of sale that is signed by the buyer, seller, and/or agents. In addition to the signatures, the written bill of sale should have the terms of the sale and the agreed-upon price.
You may choose to include the following:The sale date and cost of the horse.The name and signature of both parties (the buyer and the seller) and if possible a third party witness.Description of the horse including name, age, colour, markings, height, sex.More items...
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.
It's a good idea to place your listing on a reputable equine-selling website such as Horse and Hound. This site has large visitor numbers and is the go-to place for legitimate buyers. You could also consider advertising in popular magazines such as Horse and Rider.
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...
First, you should know that if you are buying or selling a horse in the state of California, you will need to have a written bill of sale that is signed by the buyer, seller, and/or agents. In addition to the signatures, the written bill of sale should have the terms of the sale and the agreed-upon price.
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.
Buying from a horse dealer can offer the best protection. If you find your new horse has a problem, making him unsuitable for the purpose you bought him, you're entitled to your money back even if the horse dealer denies knowledge. The Act implies certain conditions of sale your 'statutory rights'.