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.
South Carolina 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
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 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.
Six main factors go into setting a price for your horse: age, height, intended job, temperament, performance record and soundness. There are always exceptions to the rule, but these are good general guidelines. Age: Age can work against you or for you, depending on what people are looking for, Courtney says.
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.
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.
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.
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...?
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...
How to Write a Horse Bill of SaleStep 1 Date and Parties. Enter the date in 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.