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Anytime you plan on selling, buying, or transferring ownership of a horse from one person to another, you will need a Horse Bill of Sale. This sales document is important in detailing everything related to the purchase and transfer. This is a legally binding document.
Many people in the horse industry believe that the person named on a horse's registration papers is the horse's true, legal owner. However, courts in a few states that examined the issue have, in fact, reaffirmed that the name appearing on the horse's breed registration papers may not necessarily be the horse's owner.
To register your horse, contact the association for its breed to get an application form. If you don't know your horse's breed, you can ask a horse trainer or veterinarian to help identify it. Then, fill in all the details, and submit photos of your horse if required.
What is a Right of First Refusal? Equine-related contracts sometimes include a \u201cright of first refusal\u201d clause that restricts how a horse can be re-sold. Through these clauses, a horse buyer agrees to give the seller an opportunity to buy back the horse later under certain specified conditions.
These include a purchase receipt, your historic bills from vets or farriers and old insurance documents. In an ideal world, when you buy a horse, both parties should sign a contract.
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Every thoroughbred racehorse, no matter its actual birth date, becomes a 2-year-old on the second Jan. 1 of its life, and as 2-year-olds, racehorses need names. Before that age, trainers and grooms usually give the horses nicknames, or refer to them by their mother's name and the year they born.
We all must learn to \u201cOwn Responsibly.\u201d That means that before you buy or breed a horse, you think about how your actions affect the future prospects for that horse. Your responsibility to your horse begins before your stewardship and extends past your care.

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