Horse Sale Contract
This Horse Sale Contract ("Contract") is entered into on [Date], between [Your Name], hereinafter referred to as the "Seller," and [Buyer's Name], hereinafter referred to as the "Buyer."
1. Description of Horse:
Name of the Horse: Starlight
Breed: Thoroughbred
Age: 7 years
Color: Bay
Registration Number: TB123456
Any distinguishing features: White blaze on the forehead and two white socks on the hind legs
2. Purchase Price:
Total Purchase Price: $10,000
Payment Terms: The Buyer shall pay the total purchase price in full upon signing this Contract.
3. Delivery:
4. Representations and Warranties:
4.1 Seller's Representations
The Seller represents that the horse is in good health and free from any known defects at the time of sale.
4.2 Buyer's representations
The Buyer represents that they have the necessary facilities and expertise to care for the horse.
5. Examination and Acceptance:
5.1 Inspection Period
The Buyer shall have 7 days from the date of delivery to have the horse examined by a licensed veterinarian.
5.2 Acceptance Criteria
The Buyer may accept the horse if it passes the veterinarian's examination and meets the standards outlined in this Contract.
6. Title and Risk of Loss
6.1 Transfer of Ownership
Ownership of the horse shall transfer from the Seller to the Buyer upon full payment of the purchase price.
6.2 Risk of Loss
The risk of loss or damage to the horse shall pass from the Seller to the Buyer upon delivery.
7. Indemnification
7.1 Seller's Indemnification
The Seller agrees to indemnify the Buyer against any claims arising from undisclosed defects or health issues with the horse.
7.2 Buyer's Indemnification
The Buyer agrees to indemnify the Seller against any claims arising from injuries or damages caused by the horse after the transfer of ownership.
8. Governing Law and Jurisdiction
8.1 Governing Law
This Contract shall be governed by the laws of [State/Country].
8.2 Jurisdiction
Any disputes arising out of or related to this Contract shall be resolved exclusively in the courts of [State/Country].
9. Entire Contract
This Contract is acknowledged as a comprehensive, all-encompassing agreement between the parties involved. It shall be understood that this Contract overrides and renders void any previous agreements or understandings that may have been in place before this Contract, regardless of whether these previous agreements or understandings were established in written form or were verbally agreed upon.
10. Amendments
Should there be any alterations or changes that may need to be effected upon this Contract, such amendments must be manifested in a written form, in addition to being endorsed through the signatures of both parties involved.
11. Severability
If any provision of this Contract is discovered to be invalid or it cannot be enforced, the remaining provisions contained within this Contract shall not be affected. They will continue to remain in full force and effect.
12. Signatures
In Witness Whereof, the parties have executed this Contract as of the date first above written.
[Buyer's Name]
[Date Signed]
[Your Name]
[Date Signed]
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