B. Whoever carries the horse to the test site and returns to the seller, should fail the test and who pays the costs. Note that the horse industry is a business and therefore the majority of horse-related transactions should not be considered other than other commercial transactions. For example, you wouldn`t mortgage a house with the bank, buy a car or buy a store without a signed contract, so why a horse without sneezing or selling? The advantage of a written contract in such a situation is that you will not be able to try to identify a person`s intentions and understand what has been agreed before or challenge in court. If you don`t spend the time and effort needed to protect your horse on the front end, you can cost more on the rear end if the sale fails, your horse is injured or dies, or when it comes back from the trainer`s stable, it can no longer function, is not healthy, and the total value of the horse has decreased or decreased considerably. The preamble to the contract should list the full names of the seller and buyer (if they are companies such as a company or LLC, whose names should also be listed) as well as the current addresses. There must be an accurate description of the horse (including name, breed, gender, colour/marking, size and age). In addition, the address of the farm on which the horse must be tested must be indicated at the same time as the start and end dates of the race. The full payment of the refundable horse, subject to the return of the horse to the owner`s property in the same condition and certain contingencies. ANATOMY OF THE CONTRACT. The obligation of a pre-emption contract to write in the form of a contract must not be irreproceme legal, but must be written in depth and in easily understandable terms. It is advisable to have a lawyer who is knowledgeable in the horse deal project or at least check and problem-pull the contract.
That`s a conclusion. If you think you are too busy to deal with a contract, then you are too busy to deal with the legal problems that will arise if the other party does not respect your oral agreement. When buying a horse, whether it`s from an auction house, individual, or even on the Internet, check its hooves! If a pre-emption examination by a serious veterinarian and a waxer is ideal, it is not always feasible.