f. What food and food supplements should be provided to the horse and who makes it available. For this reason, a written and signed contract taking into account foreseeable contingencies, including the most pessimistic scenarios, is a must when horses are taken on an experimental basis. d. The barn/sweeping arrangements for the horse during the test. Consider the payment structure to be included in this type of test agreement. Since the horse is not sold and no contract of sale is executed, the seller still owns the horse, but the potential buyer has custody and control of the horse, so it can be difficult to determine the compensation structure and you may need to be creative, depending on the facts and circumstances of your situation. Finally, if you are dealing with a person who will not sign a written contract, consider it a huge red flag and go out, no matter how much you love the horse. The trial agreement should contain a language that deals with the possibility of injury or death of the horse and may be the responsibility of the buyer if, among other things, the horse is injured or dies while the horse is under the care, maintenance and control of the potential buyer.
This provision should state that it is effective from the moment the horse leaves the seller`s property and continues until the horse returns. In order to protect a seller from the instruction of a stable master for non-payment of advice by a buyer, the financial arrangements and responsibilities relating to the boarding of the horse must be clearly indicated. The preamble to the contract should list the full names of the seller and buyer (if they are business units such as a company or LLC, their names should also be mentioned) as well as the current addresses….