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How to Write a Horse Sale Contract Identify the parties. That's 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.
Preparing a Sales Contract in Seven Steps Determine Customer Needs. ... Agree on a Solution. ... Indicate the Scope of Work. ... Set the Timeline. ... Establish Pricing & Payment Requirements. ... Create Service Terms. ... Send the Sales Contract for Review & Signature.
A trial is a period of time where the potential buyer takes the horse on a \u201ctrial\u201d to their barn to see whether or not it's a good match. The financial details vary from case to case but usually there is a refundable deposit put down on the horse for the full asking price that will be returned upon the horse's return.
Elements of a sales agreement Buyer and seller names and contact information. Description of goods, services, or property being purchased. Payment amount, dates, and method. Liability of each party in the case of loss, damage, or delivery failure. Ownership information, such as when ownership formally transfers to the buyer.
Depending upon the price of the horse, the equine professional's reputation in the industry and horse's intended use, commissions are typically 10-25% of the sale price. However, a trainer and client can agree upon any level of commission.
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In a simple horse sale situation, the buyer pays the seller in cash at the same time that the buyer takes possession of the horse. In contrast, during a trial period, the seller still owns the horse, but the buyer has possession of and control over the horse. This dynamic blurs the lines of responsibility.
Horse Bill of Sale Requirements Description of Horse: the horse's date of birth, coat color (bay/chestnut/gray), sex, breed, registration number, markings or tattoos. Sire: details about the horse's father, including his registration number. Dam: details about the horse's mother, including her registration number.

horse sale contract with trial period