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A horse bill of sale is a document that formalizes the purchase of a horse, detailing the purchase price, relevant sale information, and signatures from both the buyer and seller. It also serves to officially record the transfer of ownership. This video tutorial covers essential aspects of horse Bill of Sale forms and provides guidance on obtaining a free official template. Before creating the Bill of Sale, the video emphasizes the importance of best practices in buying a horse, regardless of experience level. Key steps include finding a suitable seller, setting a budget that considers space, food, and care, and personally testing and handling the horse before negotiating the sale.