New Mexico Horse or Stallion Syndication Agreement

Category:
State:
Multi-State
Control #:
US-00039DR
Format:
Word; 
Rich Text
Instant download

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.

Free preview
  • 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
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement

How to fill out Horse Or Stallion Syndication Agreement?

Are you in a situation where you require documents for either business or personal purposes almost every day.

There are numerous authentic document templates available on the internet, but finding templates you can trust is not easy.

US Legal Forms offers thousands of document templates, such as the New Mexico Horse or Stallion Syndication Agreement, that are designed to meet federal and state requirements.

Once you locate the appropriate form, click Buy now.

Select the pricing plan you want, fill in the required information to create your account, and complete the transaction using your PayPal or credit card.

  1. If you are already familiar with the US Legal Forms website and have an account, just Log In.
  2. Then, you can download the New Mexico Horse or Stallion Syndication Agreement template.
  3. If you do not have an account and wish to start using US Legal Forms, follow these steps.
  4. Acquire the form you need and ensure it is for your correct state/region.
  5. Use the Review button to examine the form.
  6. Check the details to make sure you have selected the appropriate form.
  7. If the form is not what you are looking for, use the Search field to find the form that suits your needs and criteria.

Form popularity

FAQ

Stallion breeding services at the Equine Reproduction Laboratory (ERL) are designed to allow owners the use of their stallion's semen in a fresh, cooled-shipped or frozen semen breeding program. Services are provided on an outpatient (trailer-in) or inpatient basis (stallions housed at the ERL).

In the horse industry, a syndicate generally refers to a group of people who come together to purchase shares in a horse.

What is a syndicate? A racing syndicate is when a group of people all own a share in the racehorse and split the costs. A syndicate can be run by an individual or by a company.

Typically, a share in a stallion syndicate entitles the share owner certain breeding rights to the stallion; principally, the right to breed to the stallion without paying stud fees. Modern stallion syndicates offer more options.

Typically, a share in a stallion syndicate entitles the share owner certain breeding rights to the stallion; principally, the right to breed to the stallion without paying stud fees. Modern stallion syndicates offer more options.

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

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.

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.

A 100% syndicated horse at $120,000 means you're up for $6,000 for a 5% share. This equates to $1,200 for each member of a 5% syndicate group. Yearly costs will vary between $40,000 and $60,000 depending on where the horse is based and where it races.

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.

Trusted and secure by over 3 million people of the world’s leading companies

New Mexico Horse or Stallion Syndication Agreement