Horse co ownership contract
Every good idea is a good idea until it turns out to be a bad idea. They believed it would encourage me to stay on campus and study. Having gone to college in the Pacific Northwest, it was only a matter of time before I wanted a car so I could go camping on Mt. Hood, sightseeing in Puget Sound, or snowboarding on Whistler.
Horse sharing agreement: competing
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For a better experience, please enable JavaScript in your browser before proceeding. Horse co-ownership contract. Thread starter victoriaocarroll Start date 22 November I've been reading up a lot about it and understand all the risks involved but what I'm looking for is a co-ownership contract. There is an equine legal company that will do it up for us, at a cost, so just wanted to see if anyone had one that I could look at and draft up our own agreement.
Anyway, any help at all would be great. And if I don't get something that's watertight I'll pay the legal company to draft an agreement for us. Thanks all!! Joined 26 August Messages 4, Just out of my own curiosity, how will the agreement work? Will you continue to share? Yep, so before she was riding him 2 days a week and I was riding 4 days with him having one day off. But now she'll have 3 days, I'll have 3 days and he'll have one day off.
All costs will be split down the middle. Joined 27 February Messages 3, Location Hampshire. Joined 8 August Messages 8, Location Midlands. Yeah, like I said, if I don't find anything secure enough I will go down that route. But just wanted to see if anyone had a legal document that they had previously used that I could look at. PandorasJar, any eventualities of death to either party, or horse, will be in the contract. Joined 2 June Messages 1, Location Ashbourne. Have you thought about adding a clause for a revisit of sale conditions?
I put a 1yr clause on mine with the dogs so that if after a year I decide that the co-ownership isn't working out then one or the other party has the option to buy the other out. The buy out fee is usually the price original paid less if there has been an illness or loss. The decision to PTS is mine alone. I sadly had one co-owner who decided to put a healthy dog to sleep without telling me of their decision purely because they wanted a change in breed and to pee off their husband who loved the dog.
Having it all in advance provides some clarity but it also allows for a dissolving of the partnership even if there are clashes of personality. You must log in or register to reply here.
Once Investor purchases the Interest, a tenancy in common shall be formed amongst each of the owners of the Horse. (The co-owner shall be referred to. What Our Co-Ownership Agreement Includes. Purchase now, for fast delivery in PDF format via e-mail. Equine Legal Solutions offers ready-.
Horse sharing agreements may seem a little too formal for arrangements that are primarily for enjoyment, but they do reduce the risk that the deal goes sour later on. These easy to edit agreements have been written by a lawyer with many years of equestrian experience and cover the matters that might lead to disagreement, for example: whose responsibility is it to call the vet, who stables the horse and when can each owner ride, and so on. This is a shared ownership agreement for a sport horse, where one of the owners is a competition rider, and the other a financial backer. Sharing ownership of a sport horse has advantages for both the rider a backer.
Sharing ownership of a sport horse has advantages for both the rider and backer.
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Horse co-ownership contract
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Co-ownership Contract??
A written co-ownership agreement is essential when partnering with another person or persons to buy a horse. The same applies when buying shares in a horse. If you are willing to put your money into a horse, you should see it as a business investment first and foremost. It is extremely important for all parties who have participated in horse co-ownership to know exactly the terms of the co-ownership, and the responsibilities that go with part ownership of a horse. You also need to know how your relationship with the other co-owners is regulated. Irrespective of whether you part own a horse be it a sports horse, race horse, or a broodmare, and if that co-ownership is with a family, friend or a complete stranger, the importance of your co-ownership agreement will then be evident as the relationship develops, as it will be the document that all parties will look to when questions arise. The type of questions that frequently arise is who pays the veterinary bills, the feed bill and how are these expenses are shared? What happens your horse after the horse finishes competing or racing?
Think again! More and more people have been bitten by the horse bug and are figuring out ways to make it work for them.
Formation of Co-Ownership. The business of the Co-Ownership shall be conducted under the name set forth in Schedule 1 and the Horse shall race under the silks identified in Schedule 1. Each person or entity which acquires a fractional interest in the Horse pursuant to the provisions of this Agreement shall become a Co-Owner of the Co-Ownership. For purposes of this Agreement, the Manager is that individual or entity so designated in Schedule 1 of this Agreement.
Horse sharing agreements
Any content, information, or advice found on social media platforms and the wider Internet, including forums such as HHO, should NOT be acted upon unless checked against a reliable, authoritative source, and re-checked, particularly where personal health is at stake. Forums New posts Search forums. What's new New posts New profile posts Latest activity. Members Current visitors New profile posts Search profile posts. Log in Register. Search titles only. Search Advanced search…. New posts. Search forums. Log in. REMINDER Any content, information, or advice found on social media platforms and the wider Internet, including forums such as HHO, should NOT be acted upon unless checked against a reliable, authoritative source, and re-checked, particularly where personal health is at stake. JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding. Horse co-ownership contract. Thread starter victoriaocarroll Start date 22 November
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Equine Legal Solutions offers ready-to-use downloadable equine legal forms. Once you purchase an equine contract with a secure credit card transaction, you will receive an email containing a link to a secure download page and download instructions. It's fast, it's easy and it's secure. Sample Co-Ownership Agreement. Form Requirements: Adobe Acrobat Reader 9. Get Adobe Acrobat Reader.
