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.
Alameda California Contract to Train, Board and Show Horse with Option to Purchase
Category:
State:
Multi-State
County:
Alameda
Control #:
US-01595BG
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Contract To Train, Board And Show Horse With Option To Purchase?
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FAQ
These include a purchase receipt, your historic bills from vets or farriers and old insurance documents. In an ideal world, when you buy a horse, both parties should sign a contract. This doesn't have to be long and should be drawn up ideally by a solicitor who specialises in equine law.
What care is the lessee responsible for providing? A lease agreement should specify who is responsible for ensuring the horse receives adequate shelter, feed and water, grooming, exercise, farrier care, dental care, and veterinary care, including vaccines and deworming.
Create a Title for Your Contract.Explain the Particulars.Describe the Transaction.List the Buyer's Responsibilities.List the Seller's Responsibilities.Include a Signing Section.Monitor Contract Performance.
How to Write a Horse Sale Contract Identify 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.
Five things any Lease-to-Own horse agreement must have are: (1) which horse is being sold, (2) who are the seller and buyer, (3) how much is he being sold for, (4) how will payments be set up and when will they be made, and (5) when does the buyer get the horse and when does the horse transfer ownership.
Get a sale and purchase receipt drawn up. This should show the purchase price, any VAT that has been paid, the date, the name and description of the horse, preferably by reference to something in the passport, and should include details of any representations.
Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.
Make sure it is clearly dated and signed by all parties and includes: The horse or pony's name, height, colour, sex, microchip number and age, so that the subject of the loan is clear. The owner and loanee's contact details, together with confirmation that if these change the parties will let each other know.