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A horse bill of sale is a document that records the purchase of a horse, including the purchase price and signatures of both the buyer and seller. This document finalizes the transfer of ownership. The video covers key information about horse bill of sale forms and provides a free template. It begins by outlining best practices for buying a horse, emphasizing the responsibility of ownership. Essential steps include finding a seller with a suitable horse, setting a budget that includes ongoing costs, and personally testing the horse. Negotiating the purchase price is also advised.