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A horse bill of sale serves as a legal document outlining the transaction between a buyer and a seller, detailing the purchase price and including signatures from both parties. Once finalized, it formally records the transfer of ownership. This video tutorial covers essential information about horse Bill of Sale forms and where to find a free official template. Before drafting the Bill of Sale, it emphasizes best practices for buying a horse, highlighting that ownership entails significant responsibility. Steps recommended for prospective buyers include finding a suitable seller, establishing a budget that considers care costs, personally testing the horse, and engaging in negotiation.