Purchase Agreement for Horse

6. Warranties. In many cases, horses are sold without the seller having any promises of ability or fitness. As a seller, you want your contract to say, “This horse sells `as is`, without any warranties or representations regarding fitness and future performance” (this is a disclaimer). When drafting contracts for the seller, I also insert a provision stating that previous oral statements or claims by the seller, unless included in the written contract, are not binding. However, if you are the buyer and there is an oral statement from the seller that you relied on when making the purchase decision, make sure that this statement is included in the contract. It is common to offer the right to have the horse examined by a veterinarian instead of offering a guarantee of solidity. In this case, the contract should read as follows: “In exchange for guarantees, the seller offered the buyer the opportunity to have the horse examined.” Our free horse installation model should not be used for the sale of slaughter horses. A federal ban on funding by the U.S. Department of Agriculture for inspections of horse slaughterhouses has created a black market for horse meat. Unfortunately, the ban on horse meat in states like Florida has led to the cruel slaughter of show horses.

If you`re sure this is the horse you want, then it`s time to negotiate a price. Write it down in writing as soon as an agreement has been reached. You must also make a bona fide deposit to show that you are serious about the purchase. It is important to see the horse first hand before buying. Look at how the owner handles the horse, treat it yourself and ride it if possible. Find out about his history, if he has any injuries or health problems, and if there`s anything else you should know about it. Also ask a veterinarian to check his health. It`s also a good idea to bring an experienced friend or coach. 8. Insurance.

If you sell a horse in several installments, you insist on insurance at least equal to the outstanding balance at the buyer`s expense, you are designated as the payer of losses on the policy. Otherwise, if the horse is injured or dies before the final payment has been made, you can sue the buyer for what is due to you. (If it`s an expensive show or breeding horse, “loss of use” insurance is also a good idea.) Owning a horse is a great personal responsibility. They are expensive and require a lot of knowledge and experience. However, if you are willing to take responsibility or if you are an experienced owner contributing to your herd, follow the steps below. A horse deed of sale documents the sale or transfer of a horse between two parties – a seller and a buyer. When buying a horse or pony, a deed of sale shows that the ownership of the horse has been officially transferred to a new person. Once signed, this document constitutes a binding agreement in the event that one of the parties changes its mind or disputes arise.

Unfortunately, this means that if you sign a purchase contract with the condition stated “as is” and the seller has materially distorted the horse`s abilities or conditions, you are still stuck. In some states, such as California, Florida, and Kentucky, a purchase agreement is required by law when a horse is sold, bought, or transferred. When buying or selling horses, check to see if your state requires a brand inspection before transferring ownership of the livestock. A deed of sale of a horse could save you time and money. For example, if it turns out that the newly purchased horse is lame or has medical problems, this document may be useful in a future lawsuit regarding a fraudulent sale. Actor Tom Selleck, best known in his role in Magnum, P.I., successfully won more than $187,000 after selling Zorro in 2009, a lame horse that would be eligible for competition. 1. Identify the parties.

These are buyers and sellers, including addresses, phone numbers, and federal tax or social security identification numbers. The seller of the contract must be the same person or persons as those indicated on the horse`s registration documents. If the seller and the registered owner are different, the seller`s power to sell the horse could be called into question. If a partnership or partnership owns a horse registered in a breed register, the register may require the signature of one specific person or more than one person. When registering, inquire about the property or signatures required. 7. Pre-emption control. If the buyer decides against the pre-emption check, attach a note to the contract stating that the buyer has refused to have a pre-emption test performed on the horse. This documentation helps protect the seller if the untested horse appears lame shortly after the sale, unless the seller lied when answering direct questions about strength. If you are buying a horse for the first time, it may be best to start with a calm and well-trained horse. Be sure to consult an experienced person on horseback to find out about your needs.

If you`re thinking of breeding or using the horse for shows or sports, I hope you already know everything you need to know, but it`s always a good idea to do your research and consult with experienced people. 5. Risk of Loss. Indicate when the buyer will take responsibility for the horse`s injury or death, injury and care. As a general rule, the risk of loss passes either at the signing of the contract or when the buyer takes possession of it, but it is important to agree on the details. Once everything is set in writing and the price is paid, all you have to do is have a notary public who will make it official and secure the sale against possible fraud. You can usually find a notary public in your local or district offices. Congratulations – you are the new owner of a horse! Good practice is to describe the horse`s ability, strength, condition and habits in the agreement that both parties can agree. This protects the buyer from getting a horse that is not what he paid for, and it protects the seller from a buyer who claims to have made false statements because he had remorse, even if the horse is everything he originally wanted.

A purchase agreement for your new horse friend is a fairly simple legal agreement that a lawyer must put in place, and can end up saving both parties in the long run by clarifying things at the beginning of the sale. It is always better to have a veterinarian who gives a physique of the horse and makes sure that he has no problems before buying. With a horse deed of sale, sales are as they are. You don`t want to spend a lot of money on an unhealthy horse. The Deed of Sale of Horse or “Equine” is a legal document that describes a transaction between two (2) parties relating to the purchase/sale and therefore the change of ownership of a horse. If the pet needs a health check before a full purchase, it is likely that a deposit will be required. If the parties proceed with the sale of the animal, the amount of the deposit will be deducted from the balance due. When you`re ready to buy a horse, look for sellers of people you may know, breeders, listings, or auctions. Check the credibility of the seller and ask a lot of questions about the horse.

Chances are, if the seller`s records are clear and they know the horse, they are a trustworthy seller. Are you planning to sell your horse? Go to Equine.com, Equine Network`s main classifieds site, and show your ad! If you do not intend to consult a lawyer about a contract when buying or selling a horse, protect yourself by drafting a simple and enforceable contract that covers the essential points of the purchase contract. Here`s what it should contain. 2. Identify the horse. Provide name, age, colour, trademarks, race, registration number (if applicable) and other identifiers. for example, if the buyer says the horse is nominated for Futurity, and indicates whether the horse is bred, sold with a breed or with a foal. .