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.
Ohio Contract to Train, Board and Show Horse with Option to Purchase
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How to fill out Contract To Train, Board And Show Horse With Option To Purchase?
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FAQ
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.
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.
There are three main types of boarding options self-care, partial and full-boarding. As you can imagine, self-care involves most of the job being looked after by the boarder himself. The horse's space is provided; however, the boarder is responsible for providing bedding, feed and tending to daily care routines.
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.
In general full board means the horses get hay and water, they get their stalls cleaned, and if the barn has turnout, they get turned in and out on a schedule. Usually they get some kind of feed or grain, but not always.
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.
In general, horse sales are understood to be "as is" and "buyer beware." This means that the buyer has a duty to examine the horse prior to purchase and except as described below, all sales are final. The as is nature of a horse sale can be changed by agreement between the buyer and seller.
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.
The average cost of full boarding generally ranges from $300 to $700 per month. However, it can be much higher depending on the location. In some urban areas, full boarding a horse can cost as much as $2000 to $3000.
In return for the deposit, the seller states that he will not sell the horse to anyone else, and that the seller remains responsible for the horse's well being until the sale is completed.