Contract to Train, Board and Show Horse with Option to Purchase
What is this form?
The Contract to Train, Board and Show Horse with Option to Purchase is a specialized legal document used in the equine industry. This form outlines the agreement between a horse owner and a trainer for the training, boarding, and showing of a horse, while also granting the trainer an option to purchase the horse in the future. It serves as a comprehensive agreement governing the responsibilities, liabilities, and rights of both parties involved, differentiating it from standard boarding or training contracts by including specific clauses about ownership rights and the option to purchase.
Key parts of this document
- Agreement details, including parties' names and addresses.
- Description of the horse, including breed, gender, and health-related information.
- Financial obligations, including payment terms for training and boarding services.
- Conditions surrounding showing the horse at competitions.
- Rights and responsibilities regarding insurance and health records.
- Terms of the option to purchase and first refusal rights for the owner.
When this form is needed
This form is essential when an owner wishes to arrange for their horse to be trained and shown by a professional trainer while retaining the option to eventually sell the horse. Use this form when you want a clear legal framework that describes the obligations and rights of both the owner and the trainer, particularly if there's potential for the trainer to purchase the horse later on.
Who should use this form
- Horse owners looking for professional training and showing services.
- Trainers seeking to formalize their relationship with horse owners and secure a future option to purchase the horse.
- Individuals or entities involved in competitive equestrian activities requiring a legal agreement for horse training and management.
Instructions for completing this form
- Identify and fill in the names and addresses of both the horse owner and the trainer.
- Provide a detailed description of the horse, including breed, age, and health records.
- Specify the monthly payment amount and delivery details for the horse.
- Outline the terms of training and the conditions under which the horse will be shown.
- Document any insurance provisions and liability agreements, ensuring both parties are aware of their responsibilities.
- Sign and date the agreement to finalize the contract.
Does this form need to be notarized?
This form does not typically require notarization unless specified by local law. It is advisable to check jurisdiction-specific requirements to ensure compliance.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to provide complete and accurate horse descriptions.
- Not specifying payment terms clearly, leading to potential disputes.
- Overlooking health records requirements and insurance disclosures.
- Neglecting to include the option to purchase terms clearly, which can create misunderstandings later on.
Why complete this form online
- Convenience of accessing and completing the form from anywhere at any time.
- Editability allows customization to meet specific needs before finalizing.
- Reliability and validity ensured by being drafted by licensed attorneys.
Key takeaways
- The Contract to Train, Board and Show Horse with Option to Purchase formalizes the relationship between the horse owner and trainer.
- Clear definitions of responsibilities protect both parties in equine transactions.
- Always consult local laws to ensure compliance regarding horse training agreements.
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FAQ
Consider boarding horses on your hobby farm by opening a horse boarding business to earn some extra income. Got extra stalls? Consider boarding horses as a small business and help earn some extra income.A 1996 study commissioned by the American Horse Council sets the figure at 6.9 million.
Numbers Game. The reality is that boarding facilities operate on slim profit margins. By the time costs are considered for hay, grain, bedding, labor for feeding, cleaning stalls, doing turnout, etc., the board fees typically do not leave a lot left over, Sherrick-von Schiller said.
Self-care stall board usually costs between $200 and $1,000 monthly depending on the factors described above and self-care pasture board can cost between $100 and $600 monthly.
Self-care board is also known as rough board and it is basically DIY horse boarding. You are responsible for all your horses care, scheduling and finding horse professionals, getting everything your horse needs. This kind of boarding is often best for more experienced horse owners that have owned horses before.
Equine/Stable Liability will be required; Care, Custody, Control to provide coverage for the non-owned boarded horses; General Liability and Property insurance.
Full board will include all the necessities for the horse, plus a stall with full turn out to pasture. Full board does not require owners to visit their horses every day; instead, staff at the barn clean the stall, feed the horse, and bring him in/out of the pasture.
A horse is assigned a stall and you're given access to trails, a pasture or arena. The cost of boarding averages $400 to $500 per month but can go as high as $1,200 to $2,500 in metropolitan areas. Services such as mucking out stalls, feeding and turning out your horse to pasture may not be included in the price.
If you have the space and facility to keep your equines at home, it's more cost effective and offers a number of advantages that boarding does not.Keeping a horse on full board offers owners virtually hassle-free maintenance. Full board includes, at the very least, feeding, stall cleaning and turnout.
Self-care board is what it sounds like: housing your horse at someone else's facility but feeding and managing him yourself.
