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A horse bill of sale formally documents the purchase of a horse, detailing the purchase price and relevant information, along with signatures from both the buyer and seller. This document finalizes the transfer of ownership. The video tutorial covers essential aspects of horse Bill of Sale forms and where to find a free official template. It emphasizes the significance of adhering to best practices when purchasing a horse, noting that ownership entails significant responsibility. Whether for experienced or novice owners, the buying process involves locating a suitable seller, establishing a budget that includes ongoing costs, and testing the horse yourself through handling before negotiating the sale.