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A horse bill of sale officially documents the transaction between a buyer and a seller, detailing the purchase price, relevant details of the sale, and signatures from both parties. It serves as a written record for the transfer of ownership. This video covers essential information about horse Bill of Sale forms and where to obtain a free official template. It also highlights best practices for purchasing a horse, emphasizing the responsibility of ownership. Key steps include finding a suitable seller, determining a budget that includes care costs, handling and testing the horse, and negotiating the sale.