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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.
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.
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.
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