g. If insurance is required to cover the value of the horse with liability insurance and who buys it. In addition, in order to protect a seller from the right to guarantee a barn for non-payment of the board of directors by a buyer, it is necessary to clearly state the financial provisions and responsibility for boarding the horse. From the buyer`s point of view, an attempt is a great way to more accurately assess the horse`s ability before a piece of change descends. For the seller, he can close the sale. Besides, what could go wrong? 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. The requirement for a non-refundable bond may be a good option, as it shows a commitment to the horse, whether or not the sale is ongoing. If the potential buyer wants to remove your horse from the property but is not ready to lose 10%, he/she may not be as serious with buying the horse and appreciates the risks of taking the horse out of your control. d. The rules of spelling and grazing of the horse during the process. 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. What happens if the owner of the horse cannot be informed quickly? H. Who must ride the horse during the examination, for what discipline the horse should be used, which tacks should be used and who pays for a trainer or instructor during the trial period. Any type of prohibited activity (p.B. jump) must also be clearly stated. What are the limits of this type of proposal and what is the best way to protect yourself in the event of injury or loss of your horse? This type of situation is with the risks and potential of accidents, the best way to balance and manage possible liability issues in the hope of a successful sale. Also count if the benefit of a sale outweighs the risks of a trial phase. What if the good horse your daughter fell in love with is not trustworthy? i. How to treat the horse in case of illness or injury (including veterinarian, fees and notification of the seller), as well as the number paid by the horse and the amount of payment, the horse must die.

2. The test phase: this part of the contract must spell the nuts and screws of the test with great specificity. Insert: e. If the horse can be removed from the court during the trial. 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 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.