Horse sale contracts are needed in horse transactions to avoid problems or liabilities that can occur for either the buyer or the seller.
What You Need to Know if You’re Buying a Horse
A buyer should prepare horse sale contracts to make known the health and fitness of a horse and if the horse will be able to perform to expectations. Horses are considered to be goods and the term buyer beware applies in relation to their sale. A seller does not have to disclose any problems with a horse he is selling unless the horse bill of sale obligates the seller to state so.
The buyer of a horse would use a horse bill of sale form to disclose any injuries, health problems, behavioral problems, tendancies not suited for the reason the horse is being purchased or anything else the buyer requests the seller to disclose. A seller must disclose in a horse bill of sale any information requested leaving no misconceptions in the buyers mind about the condition or soundness of a horse.
If a buyer can prove later in court information the seller was oblidged to provide was left out, then the seller is liable for any expenses that occur due to the misconception. Without a horse bill of sale, any misconceptions that might occur later would be hard to prove because it’s just your word against the seller’s word.
A buyer must also make sure the person selling him the horse is the owner and has the authority to sell the horse. Without a horse sale contract, you can’t be sure who is selling you a horse. You could eventually lose the money you paid for the horse and lose the horse itself when the rightful owner discovers what has happened.
What You Should be Aware of if You’re Selling a Horse
A seller should prepare horse sale contracts to limit future liabilities if the horse is not being sold through an “As Is” contract. Every possible issue should be stated in the horse bill of sale to clearly state the condition of the horse and the buyer’s perception of the horse as to whether it will perform to his expectations.
Without a horse sale contract, a buyer could later make a claim that contradicts what was agreed upon at the time of the transaction, then it’s just your word against his.
Horse Sale Contracts
Avoid future misunderstandings by having a horse bill of sale to reference if a problem occurs. Easy to use with complete instructions forms that can be used in all states.