If the BUYER is unable to fulfill the contract the horse will be returned to the SELLER in satisfactory condition. Monthly payments and monthly feed bill are paid on the foalhorse or group of horses.
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Receipt of the Initial Payment from the Buyer or Receipt of of the Purchase Price or Receipt of the entire Purchase Price or _____ On this date.
Horse sale contract with payments. The horse will be kept with the seller during the payment period. The foalhorse or horses can be picked up after paid in full and expenses are paid. The below terms and conditions of sales apply to all.
Otherwise if the horse gets injured or dies before final payment has been made you can be stuck with suing the buyer for what youre owed. THE CARE OF THE HORSE DURING THE PAYMENT PERIOD IS AS FOLLOWS. The basic care of the horse will be the responsibility of the seller.
How to Write a Horse Bill of Sale Step 1 Date and Parties. PAYMENT TERMS The balance may be paid in full at the time of transfer of possession. Step 2 Horse Description.
If you sell a horse on installment payments insist on insurance at least in the amount of the unpaid balance at the buyers expense with yourself named on the policy as loss payee. Otherwise a 50 deposit in the amount of _____ is. This day of AD 20.
Horses Name if named Breed. Selling a horse under a deferred payment arrangement is risky for the seller but the risk is managed by this contract. Buyer agrees that upon the execution hereof and payment of the purchase price all risk of loss for the Horse shall immediately pass to the Buyer.
An equine sales contract can protect the seller by specifying that the buyer agrees to pay the sellers legal fees if a legal dispute arises involving the contract. The Seller makes no other warranties express or implied. The sale will be nullified and all previous payments made will be forfeited.
Default – Upon material breach of this AGREEMENT by one party the. The cost of feedcare vaccinations worming etc. Pay for mortality insurance coverage on Horse from the time of the first payment until Horse has left sellers location naming seller as a lein holder if horse is on a payment schedule.
Seller shall have no further risk of loss thereafter. The seller has enforceable legal rights in the event of payment default. The Purchase Price shall be paid in cash or other certified funds upon tender of delivery of the Horse to the Buyer.
The Seller does convey the horse above named to the Buyer for the purchaseprice designated in the contract above and acknowledges that the payment hasbeen received in full. Seller shall deliver possession or tender delivery of the Horse to Buyer upon Sellers check one. Will be the responsibility of the buyer during the payment period.
Enter the date in which the document is being created. Enter a proper description of the horse. Seller agrees to provide a negative coggins and health certificate if horse is to travel out of the state of Texas for day of pick up.
61 At all times Buyer is indebted to Seller for the Purchase Price of the Horse Buyer shall provide and pay for all reasonable equine care for the Horse including but not limited to board food and water veterinary care hoof care grooming exercise. Passing of ownershipOwnership of the Horse passes from the Seller to the Buyer on payment of the Price and all other money due and payable by the Buyer to the Seller in relation to the Horse. Seller shall in any event be responsible for Sellers negligence in conveying possession of the Horse to Buyer.
Upon material breach of this Agreement by one party the other party shall have the option to terminate same. Shall provide feed water and housing for the horse. Step 3 Purchase Price Information.
Upon payment of the Price in full the Horse shall become the property of the Buyer. 2 In the event of the loss of the horse prior to receipted delivery to BUYER SELLER shall return to BUYER any deposit paid by BUYER. By signing below Seller and Buyer agree that all statements made above are true that full payment has been made by buyer to seller and that title and ownership of the Horse is transferred.
SALE PAYMENT BY INSTALMENT Purpose of this contract Selling a horse on a payment plan. Make payments on Horse of Pmts00 or more per month until full payment is made to be completed at least 14 days prior to the pickup date of the horse unless the last payment is with cash. The Seller agrees to sell and Purchaser agrees to purchase the following horse.
Or the contract can state that the losing party must pay the winning partys legal fees. Horses purposeThe Buyer buys the Horse for the purpose specified in item 6of the Schedule Purpose. If the Buyer is unable to fulfill the contract the sale will be nullified and all previous payments made will be forfeited.
For the full purchasesale price of SELLER agrees to sell BUYER the horse described in this agreement pending trial period as described below and BUYER agrees to the terms set forth in this agreement. Of loss of said horse and upon receipted delivery to BUYER BUYER shall assume the risk of loss. Buyer shall pay Seller __________United States Dollars Purchase Price for the Horse.
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