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A horse bill of sale is a document that formalizes the purchase of a horse between a buyer and seller, detailing the purchase price, pertinent sale information, and signatures from both parties. This video tutorial discusses essential information regarding horse Bill of Sale forms and where to find a free official template. It emphasizes the importance of following best practices when purchasing a horse to ensure responsible ownership. This includes locating a suitable seller, setting a budget that covers space, food, and care, testing the horse by handling it, and negotiating the sale.