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Horse consignment contract

Horse consignment contract 2026

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The document is a Horse Consignment Agreement between the Seller and Rugged Elegance Equine Sales, outlining the terms for the sale of a horse. It includes details about the horse, consignment price, exclusive sales rights granted to the Broker, commission fees, warranties regarding the horse's title and condition, and responsibilities for both parties regarding documentation and payment. The agreement is legally binding and governed by Tennessee law.

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Click ‘Get Form’ to open the horse consignment contract in the editor.
Begin by filling in the Owner Information section. Enter your name, address, city, state, zip code, cell phone number, and email address accurately.
Next, move to the Horse Information section. Provide the horse’s registered name, registration association, registration number, breed, birth year, gender, and consignment price.
Review the Terms section carefully. Ensure you understand each clause regarding exclusivity of sales rights and commission fees before signing.
Finally, sign and date the contract at the bottom. Make sure both you and the Broker have signed to validate the agreement.

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Versions	Form popularity	Fillable & printable
2017	4.8 Satisfied (23 Votes)

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How does selling a horse on consignment work?

How it works: When you decide to consign a horse, you are hiring a trainer, or a sales barn, to market and sell your horse. An owner and trainer will usually sign a legally-binding contract which should outline what that team or person is actively doing for your horse during the sale period.

What is the consignment rule?

Under the Uniform Commercial Code, consignment is a transaction in which a person delivers goods to a merchant for sale and the merchant is required to operate under a name other than that of the consignor, and the minimum value of each delivery is $1,000.

What is a typical consignment contract?

In a consignment agreement, a consignor supplies goods to a consignee, who sells them on the consignors behalf. The consignee earns a commission from each sale and sends the remaining sales revenue to the consignor. The consignor retains ownership of the goods until they are sold.

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Is selling on consignment a good idea?

You would be in charge of worming, farrier, and any other horse care cost. Selling horses on consignment fee is 10% commission and the training fee option you pick from above.

What is the percentage of a consignment agreement?

So what is a fair consignment percentage split in todays market? Most trade analysts agree that a 60:40 split in favour of the consignor is fair. This means that the owner or maker receives 60% of each items selling price, while the consignment shop gets 40%.

Horse consignment contract 2026

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