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A horse bill of sale is a document formalizing the purchase of a horse between a buyer and seller, detailing the purchase price, relevant sale information, and signatures from both parties. Once the document is finalized, it officially records the transfer of ownership. This video covers essential details about horse bill of sale forms and where to obtain a free official template. It also emphasizes the importance of best practices during the horse buying process, regardless of experience level. Key steps include finding a suitable seller, setting a budget that covers care and expenses, testing the horse through personal handling, and negotiating the sale.