Horse Sale Contract with Payment Plan
Over the years, horse sellers have entered someone else`s property, such as a barn or private pasture, to repossess a horse, but have faced costly litigation and sometimes even criminal charges of trespassing and theft. 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. payment has been made. I also understand that all the money I have paid for this horse at any time during this contract for any reason is NOT – whenever you plan to sell, buy or transfer a horse from one person to another, you will need a horse sales list. This sales document is important to describe everything related to the purchase and transfer. To ensure that your rental agreement and related documents are legally valid and satisfactory to you, seek the help of a law firm specializing in horses. Look for a lawyer with experience and specialization in the field of horse law. the seller. All veterinary invoices incurred during the payment period will be paid by the buyer. Horse, registration documents and signed transfer Some rental contracts also provide for initial down payments, additional protection against losses. 3.
This Purchase Agreement constitutes the entire agreement between the parties. No other agreement or promise, oral or implied, is contained except as expressly set forth in this written agreement. Here are some suggestions to avoid equine instalment sales disputes. By proceeding with caution before closing an installment sale, you can avoid legal disputes altogether or reduce them significantly. Legal advice is highly recommended. 4. This Purchase Agreement is issued and incorporated in the State of Oklahoma and shall be enforced and construed in accordance with the laws of that State. When the buyer and seller sign this agreement, it is binding on both parties.
I, _________ I know that I will not be a legitimate owner For example, your contract could stipulate that the buyer must pay the horse in full before delivering the horse to him. This has a potential downside – that you continue to pay for horse maintenance – but it could also be addressed in the contract. In an unfortunate situation like this, you want to make sure you don`t suffer any financial loss due to events that occurred after the horse left your care. as agreed in this Agreement. If a payment is delayed by more than 10 days, PORTER HORSES has the right to resell the horse. If you are looking for a contract, feel free to copy and use mine. They were written by a lawyer and are legally and binding. 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! 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. Remember that by selling an installment horse, you are granting credit and thus assuming the role of a bank or credit card company. This is associated with the risk of loss. However, if you try to repossess a horse by entering the buyer`s property, you may face legal battles and even criminal charges. To avoid this, you must properly document your right to repossess the horse. 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. Banks and credit card companies protect themselves through credit checks and financial disclosure requirements, but individuals do not have the same tools at their disposal. will be returned to the buyer when the horse is fully paid.
The buyer can complete and recover payments before the deadline Are you a horse breeder, breeder or looking for a horse to show in a particular discipline? Or are you just looking for a family horse for the kids? There are many different horses and it is important to know what type of horse you want to buy. #____________ Final payment must be made than_____________ at the latest. If payments are not made on time and/or if the balance does not own a horse, this 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. must be present when the horse is picked up. If the horse dies while with the seller, other payments will be cancelled. This is especially important if the registration documents determine the value of the horse for racing, exhibition or breeding purposes. It is a legally binding document. In fact, you will need this document if there is a dispute about who is the true owner of the horse, or if questions arise about its ancestry. While such preventive measures could prevent the buyer`s default, with installment payment agreements, there is always the risk that you will have to repossess the horse. 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. You should see the horse several times to make sure it is healthy and suitable for you. .