Stallion syndications are contractual agreements where multiple parties combine their financial resources to purchase a stallion for breeding purposes. Each contributor or "owner" owns a "fractional interest" in the stallion, typically entitling them to one breeding right per breeding season. The farm or individual syndicating the stallion will generally retain multiple fractional interests. The arrangement provides for lowered costs and a more diverse breeding for the stallion.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Kentucky Horse or Stallion Syndication Agreement is a legal contract between the owners of a high-quality thoroughbred race horse, often a stallion, and a group of shareholders, referred to as syndicate members. The purpose of this agreement is to allow multiple individuals or entities to pool their resources and jointly own the horse for breeding or racing purposes. The syndication agreement typically outlines the terms and conditions of the ownership arrangement, including the percentage of ownership held by each syndicate member and the financial obligations of each party. It also lays out the rights and responsibilities of the syndicate members, as well as the procedures for managing the horse's breeding or racing career. This type of agreement is particularly popular in Kentucky, as the state has a rich history in thoroughbred racing and breeding, with several renowned horse farms and racing stables. Kentucky's favorable climate and fertile soil make it an ideal location for breeding and raising top-quality racehorses. The state is also known for hosting prestigious horse races, such as the Kentucky Derby, which further boosts the demand for syndicated horse ownership. There are various types of Kentucky Horse or Stallion Syndication Agreements, each designed to accommodate different objectives and preferences of the syndicate members. Some common types include: 1. Breeding Syndication Agreement: This agreement focuses primarily on the stallion's breeding career. Syndicate members typically contribute towards the horse's stud fees and the expenses associated with managing and marketing the stallion's services. Each member may be entitled to receive a certain number of breeding rights or breeding shares, which can be sold or transferred. 2. Racing Syndication Agreement: This agreement centers around the horse's racing career, including entry fees, training, and racing expenses. Syndicate members may share in the horse's earnings from purse money won in races. Ownership shares in a racing syndicate often entitle members to exclusive privileges, such as attending races as an owner or receiving a share of any sales proceeds if the horse is eventually sold. 3. Dual-purpose Syndication Agreement: This type of agreement combines both breeding and racing aspects. It allows syndicate members to participate in the horse's breeding and racing ventures simultaneously, sharing in the benefits and risks associated with both. Overall, a Kentucky Horse or Stallion Syndication Agreement offers a unique opportunity for individuals or entities to participate in the ownership and potential financial success of a high-quality race horse. By pooling resources and expertise, syndicate members can access horses that may otherwise be beyond their reach, while also enjoying the excitement and prestige of thoroughbred racing or the prospects of lucrative breeding returns.A Kentucky Horse or Stallion Syndication Agreement is a legal contract between the owners of a high-quality thoroughbred race horse, often a stallion, and a group of shareholders, referred to as syndicate members. The purpose of this agreement is to allow multiple individuals or entities to pool their resources and jointly own the horse for breeding or racing purposes. The syndication agreement typically outlines the terms and conditions of the ownership arrangement, including the percentage of ownership held by each syndicate member and the financial obligations of each party. It also lays out the rights and responsibilities of the syndicate members, as well as the procedures for managing the horse's breeding or racing career. This type of agreement is particularly popular in Kentucky, as the state has a rich history in thoroughbred racing and breeding, with several renowned horse farms and racing stables. Kentucky's favorable climate and fertile soil make it an ideal location for breeding and raising top-quality racehorses. The state is also known for hosting prestigious horse races, such as the Kentucky Derby, which further boosts the demand for syndicated horse ownership. There are various types of Kentucky Horse or Stallion Syndication Agreements, each designed to accommodate different objectives and preferences of the syndicate members. Some common types include: 1. Breeding Syndication Agreement: This agreement focuses primarily on the stallion's breeding career. Syndicate members typically contribute towards the horse's stud fees and the expenses associated with managing and marketing the stallion's services. Each member may be entitled to receive a certain number of breeding rights or breeding shares, which can be sold or transferred. 2. Racing Syndication Agreement: This agreement centers around the horse's racing career, including entry fees, training, and racing expenses. Syndicate members may share in the horse's earnings from purse money won in races. Ownership shares in a racing syndicate often entitle members to exclusive privileges, such as attending races as an owner or receiving a share of any sales proceeds if the horse is eventually sold. 3. Dual-purpose Syndication Agreement: This type of agreement combines both breeding and racing aspects. It allows syndicate members to participate in the horse's breeding and racing ventures simultaneously, sharing in the benefits and risks associated with both. Overall, a Kentucky Horse or Stallion Syndication Agreement offers a unique opportunity for individuals or entities to participate in the ownership and potential financial success of a high-quality race horse. By pooling resources and expertise, syndicate members can access horses that may otherwise be beyond their reach, while also enjoying the excitement and prestige of thoroughbred racing or the prospects of lucrative breeding returns.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
