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A horse bill of sale is a document that formalizes the purchase of a horse between a buyer and a seller, recording the purchase price, relevant sale information, and signatures from both parties. Once completed, it serves as a written record of ownership transfer. This video covers essential details about horse bill of sale forms and offers a free official template. It also emphasizes the importance of responsible horse ownership and outlines best practices for buying a horse, regardless of the buyer's experience level. Key steps include finding a suitable seller, setting a budget that includes ongoing costs, and testing the horse through personal handling before finalizing the purchase.