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A horse bill of sale is a document that formalizes the transfer of ownership of a horse, whether through sale or gifting. It helps prevent disputes over ownership and addresses concerns about the horse's lineage. For buyers, it serves as legal evidence of the purchase and payment. For sellers, it protects against future claims regarding the horse's health, indicating that the buyer acknowledged its condition at the time of sale. The bill of sale also releases the seller from any liabilities related to the horse after the transaction. Key elements that should be included in this document are important to ensure clarity and legal validity.