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A horse bill of sale serves to document the transaction of a horse between a buyer and a seller, including the purchase price, pertinent information, and signatures of both parties. This official document signifies the transfer of ownership. The video covers essential details about horse Bill of Sale forms and provides a free template. It begins with an overview of the buying process, emphasizing the commitment of horse ownership. Key steps include finding a suitable seller, setting a budget that considers ongoing expenses, and testing the horse by handling it personally. Negotiating the sale is also highlighted as a crucial aspect of the purchasing process.