Many trainers encourage their clients to lend potential horses for one or two weeks of winter series shows. Due to the short-term duration of these leases, many landlords do not properly recognize each party`s rights and obligations. Remember, even if you are only responsible for the horse for the week you show, injuries, illnesses or misadventures can put you in a legal battle. Even if the shipping, deposit and pre-purchase notes for the show lease are not in sight, you will spend time developing the remaining basic terms in a written lease, paying particular attention to liability, illness, violation and insurance. A seller/buyer should also pay attention to a coach`s business practices and trust his or her instincts. If a coach is condescending or avoids a seller/buyer`s questions, the seller/buyer should ask himself if that coach is the right person to help him, even if the coach is an internationally renowned superstar. The seller/buyer and coach should have a relationship of mutual respect and the seller/buyer should feel comfortable asking questions. While coaches spend a lot of time outdoors and outside emails and phones, sellers/buyers should be able to wait for relatively quick responses. Sellers/buyers should receive regularly broken invoices for any fees they may pay.
When a horse is sold or purchased, the seller/buyer must receive a contract stating all the terms of sale. The sales invoice is a document that simply proves that a sale has taken place. It is the legal document that transfers the actual title from the horse from the seller to the buyer. A simple sales form can cover: Guarantees are usually explicit or implied. Explicit guarantees are those expressly referred to by the parties to the sales contract. Unspoken safeguards are those that apply by law or law. Implicit guarantees that occur in horse sales situations are created by the application of the Single Code of Trade. Therefore, the guarantees in this code apply to a contract for the sale of equines, unless they are “repealed” or otherwise excluded from the terms of the agreement.
If the buyer intends to climb the horse during a trial period, make sure that the terms of payment of the board of directors with the farmer have been made in advance and that these agreements are expressly stated in the contract. If the board is not paid, the owner of the stable could be allowed to place a pawn on the horse which could prevent the return of the horse to its owner at the end of the negotiation. Now that we have looked at the tiny details to be included, but we are often forgotten, we have to make sure that all the negotiated terms end up in the treaty. Many coaches negotiate payments and commissions outside the written terms of the sales contract, making it difficult in a later dispute. If the terms of the sale or lease agreement have not been taken into account in the original agreement, contact your trusted lawyer to develop an amended agreement to act or resolve the original contract. Injury and illness provisions are one of the most important items in a purchase or lease agreement. The agreement sells the horse “as it is” limit your remedies, should the horse on the line become lame? Make sure all your vet`s concerns are recovered after pre-purchase or pre-credit assessment.