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How do you write a sale contract for a horse?

How to Write a Horse Sale Contract Identify the parties. Thats the buyer(s) and seller(s), including addresses, phone numbers, and Social Security or Federal tax-identification numbers. Identify the horse. Date of sale. Price and terms of sale. Risk of loss. Warranties. Prepurchase exam. Insurance.

What should be in a commission agreement?

A Commission Agreement is a contract between an employer and an employee for work paid on commission. A Commission Agreement outlines the employment terms and compensation so both employer and employee know what to expect going forward, whether that is by the hour, on salary, or on commission.

What is a typical commission for a horse sale?

How Much Should a Client Pay? Depending upon the price of the horse, the equine professionals reputation in the industry and horses intended use, commissions are typically 10-25% of the sale price. However, a trainer and client can agree upon any level of commission.

What papers do you need to sell a horse?

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.

What is the commission on selling a horse?

What is this? Commission is a payment, typically 10-20% of the overall purchase price of the horse, made to trainers in return for their knowledge, expertise and efforts in getting the deal done. Commissions paid to trainers are common practice in the equestrian industry around the globe.

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How do you write a sale contract for a horse?

How to Write a Horse Sale Contract Identify the parties. Thats the buyer(s) and seller(s), including addresses, phone numbers, and Social Security or Federal tax-identification numbers. Identify the horse. Date of sale. Price and terms of sale. Risk of loss. Warranties. Prepurchase exam. Insurance.

What is a first Right of refusal contract for horse sale?

One feature of many equine transactions is that the seller often conditions the sale of a horse on the buyers promise to notify the seller when the buyer wishes to sell the horses and give the original seller a chance to repurchase the horse. This is known as the Right of First Refusal (RFR).

How do horse sales work?

Once the auction starts, youll bid on the horse you like once they come into the sales ring. If you place the highest bid, you will give your bidding number to the auctioneer and go fill out paperwork to officially purchase your horse. Once you sign the paperwork, the horse is officially your responsibility.

Is it profitable to sell horses?

Buying and selling horses is generally only profitable if youre a talented trainer with the time and resources to put into the horses. Its important that you have your own horse stable; paying boarding fees on a horse in training can quickly eat up any profit that you may make.

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