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Horse or Stallion Syndication Agreement

Racehorse Syndicate Agreement

Name: Horse or Stallion Syndication Agreement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.69 (249 reviews)

Category:

Animals - Horses

State:

Multi-State

Control #:

US-00039DR

Format:

Instant download

Description Syndicate Agreement Template

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.

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How to fill out Horse Or Stallion Syndication Agreement?

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Horse Syndication Form Rating

4.69

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Horse Co Ownership Agreement Template Form popularity

Horse Syndicate Agreement Other Form Names

Horse Syndications Syndicate Agreement Syndicate Contract Syndication Agreement

FAQ

1. What is syndication? In a horse ownership syndication, a group of people comes together to purchase ownership in a promising horse for a professional event rider. The ownership not only covers the actual cost to buy the horse, but also the annual costs needed to maintain the horse.

After monthly expenses and fees are paid, there is usually very little profit remaining for the horse owner. As an example, in a race with a purse of $10,000, the winning horse owner gets $6000. From this $6,000, the jockey and trainer fees are deducted, leaving the owner with $4800.

Horse Racing Syndicates Checklist. Define your Syndicate. Define your Syndicate. The first thing you need to ask yourself is why are you starting a syndicate. Pick your Members wisely. Set up a Management Plan. Ensure Everyone is On Board. Make it Happen. Conclusion.

Horse syndication involves the process of selling shares in a racehorse such that ownership of the horse is split between two or more part-owners.

The price of a share covers all expenses including the purchase and training of the horses up to the end of their two-year-old year. This includes vet bills, entry fees, transport etc. A smaller additional sum, which is clearly stated on the agreement form, is due for the second year.

He's still on medication, but he now has about 95% of his normal gait back. Secretariat was syndicated for breeding after he won the Triple Crown, and Chenery, after years of getting ordinary horses from mares she sent to the stallion, sold her lifetime share a couple of years ago.

Racehorse Syndicate Agreement

Description Syndicate Agreement Template

Horse Syndicate Agreement Template Related forms

How to fill out Horse Or Stallion Syndication Agreement?

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Horse Syndication Form Rating

Horse Co Ownership Agreement Template Form popularity

Horse Syndicate Agreement Other Form Names

FAQ

What does it mean for a horse to be syndicated?

How much money do horse owners make?

How do you create a horse syndicate?

How do you set up a horse syndicate?

How does horse syndication work?

How do shares in racehorses work?

How was Secretariat syndicated?

How do you make a horse syndicate?

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