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 horse or stallion syndication agreement in Queens, New York is a legally binding document that outlines the terms and conditions between multiple individuals or entities (known as syndicate members) who collectively own a racehorse or stallion. This agreement establishes the rights, responsibilities, and provisions governing the syndicate's management, breeding, racing, and financial aspects. Within Queens, New York, there are several types of horse or stallion syndication agreements available, catering to various needs and preferences: 1. Full Ownership Syndication: This type of agreement grants syndicate members exclusive ownership rights over a specific racehorse or stallion. Each member holds a percentage of ownership that is clearly stated in the agreement. Responsibilities, such as the horse's training, medical care, and racing decisions, are shared according to the ownership percentages. 2. Co-Ownership Syndication: In a co-ownership syndication agreement, multiple individuals or entities collectively own a racehorse or stallion without exclusive ownership rights. The agreement defines each member's financial contribution, obligations, and the division of any proceeds or winnings derived from racing, breeding, or selling the horse. 3. Breeder's Syndication: This agreement is focused primarily on the syndication of a stallion for breeding purposes. Syndicate members collectively own the stallion and agree on terms related to semen collection, distribution, breeding fees, and the division of proceeds derived from stud services. 4. Racing Syndication: A racing syndication agreement is designed for syndicate members who wish to collectively own a racehorse and participate in horse racing events. This agreement outlines the responsibilities and decision-making process regarding races, trainers, jockeys, and other racing-related matters. 5. Stallion Syndication: Stallion syndication agreements involve multiple owners who collectively own a stallion and agree on specific terms related to breeding, stud fees, marketing, and the division of revenues generated through stallion services. Regardless of the type of syndication agreement, it is essential for each member to carefully review and understand the terms and conditions stipulated, including the duration of the agreement, termination clauses, dispute resolution mechanisms, and any financial obligations. Engaging legal expertise is highly recommended ensuring a comprehensive and fair agreement that protects the interests of all syndicate members involved in Queens, New York.A horse or stallion syndication agreement in Queens, New York is a legally binding document that outlines the terms and conditions between multiple individuals or entities (known as syndicate members) who collectively own a racehorse or stallion. This agreement establishes the rights, responsibilities, and provisions governing the syndicate's management, breeding, racing, and financial aspects. Within Queens, New York, there are several types of horse or stallion syndication agreements available, catering to various needs and preferences: 1. Full Ownership Syndication: This type of agreement grants syndicate members exclusive ownership rights over a specific racehorse or stallion. Each member holds a percentage of ownership that is clearly stated in the agreement. Responsibilities, such as the horse's training, medical care, and racing decisions, are shared according to the ownership percentages. 2. Co-Ownership Syndication: In a co-ownership syndication agreement, multiple individuals or entities collectively own a racehorse or stallion without exclusive ownership rights. The agreement defines each member's financial contribution, obligations, and the division of any proceeds or winnings derived from racing, breeding, or selling the horse. 3. Breeder's Syndication: This agreement is focused primarily on the syndication of a stallion for breeding purposes. Syndicate members collectively own the stallion and agree on terms related to semen collection, distribution, breeding fees, and the division of proceeds derived from stud services. 4. Racing Syndication: A racing syndication agreement is designed for syndicate members who wish to collectively own a racehorse and participate in horse racing events. This agreement outlines the responsibilities and decision-making process regarding races, trainers, jockeys, and other racing-related matters. 5. Stallion Syndication: Stallion syndication agreements involve multiple owners who collectively own a stallion and agree on specific terms related to breeding, stud fees, marketing, and the division of revenues generated through stallion services. Regardless of the type of syndication agreement, it is essential for each member to carefully review and understand the terms and conditions stipulated, including the duration of the agreement, termination clauses, dispute resolution mechanisms, and any financial obligations. Engaging legal expertise is highly recommended ensuring a comprehensive and fair agreement that protects the interests of all syndicate members involved in Queens, New York.
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.
