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A horse bill of sale is a legal document that facilitates the transfer of ownership when a horse is sold or given as a gift. It helps prevent disputes over the true ownership of the horse and addresses concerns related to the horse's lineage. For buyers, it serves as proof of legal purchase and payment, while for sellers, it confirms that the buyer understands the horse's condition and limits liability for any subsequent health issues. Key elements to include are details of the horse, the buyer and seller information, purchase price, and the terms of sale. This document is essential for ensuring a clear transaction and protecting both parties involved.