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A horse bill of sale is a document that officially records the purchase of a horse between a buyer and a seller, detailing the purchase price, relevant information, and signatures of both parties. This document finalizes the transfer of ownership in writing. The video tutorial covers essential information about horse Bill of Sale forms and provides a free template. It also emphasizes the importance of following best practices when buying a horse, regardless of experience level. Key steps include finding a suitable seller, establishing a budget that includes ongoing care costs, and testing the horse by handling it.