Purchase Agreement

Bill of Sale

Definitions:

The purpose of this document is to establish a sale contract between ____________ (hereinafter referred to as “seller”) and ____________ (hereinafter referred to as “buyer”) as pertains to the horse ______________ (hereinafter referred to as “the/this horse”).

Seller(s) is/are

Buyer(s) is/are

The Horse(s) is/are:

Date of Sale: ________

Sale Price: $______

Payment Terms:

A non-refundable deposit in the amount of one-third of the proposed purchase price is to be paid by buyer in full to seller at the time of delivery for trial period, __________ - _________.

Hauling, as provided by the seller, will cost $_____, nonrefundable, each haul. This is supplemental to any payments towards the sale price of the horse.

Additional one (1) week trial periods will require an additional $100 payment to the seller before the start of the new trial period and will accrue towards the total purchase price of the horse. At the accrual of $_____, the horse will be considered sold.

Final payments to cover the remaining balance due to complete the total sale price of $_____ will be a single payment, to be paid by buyer in full to seller at the termination of said trial period, ________. Show, board, veterinary, farrier, and other fees or costs as pertain to the ownership of the horse are the sole responsibility of the buyer.

Seller retains right of first refusal in the event of a resale by the buyer.

Should a legal dispute arise between buyer and seller in regards to the horse, buyer assumes responsibility for the seller’s legal fees.

Warranties and exclusions:

This horse sells 'as is,' with no warranties or representations whatsoever regarding future physical or mental fitness and performance. Pre-purchase exam is the financial and ethical responsibility of the buyer, and will be attached as needed per the buyer’s veterinarian of choice.

THE BUYER ASSUMES ALL LIABILITY FOR RISK OF LOSS OR LOSS OF USE OF THE HORSE AT THE DATE OF POSSESSION, ________. THE BUYER ASSUMES ALL LIABILITY FOR INJURY TO PERSON OR PERSONS AS A RESULT OF THE HORSE(S) AS WELL AS ANY PROPERTY DAMAGES INCURRED BY THE HORSE(S) AT THE DATE OF POSSESSION, ________. BY SIGNING THIS CONTRACT, THE BUYER RELEASES THE SELLER OF ANY AND ALL CURRENT AND FUTURE LIABILITY RESULTING FROM DAMAGE OF ANY VARIETY, TO HUMAN, OTHER HORSES, OR PROPERTY AS OF ________.

Buyer is responsible for sale price payment in full price in the event of loss or injury of the horse after the date of possession, _________.

Contract:

This is a simple legal agreement that the seller transfers title and ownership of the horse in good faith to the buyer upon full payment of $______ plus hauling fees, and physical transfer of all veterinary paperwork to the buyer.

Dated _________  Seller                           Buyer                           Witness