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.
The Suffolk New York Horse or Stallion Syndication Agreement is a comprehensive contractual arrangement between multiple owners or shareholders for the purpose of jointly owning and managing a racehorse or stallion in the Suffolk County, New York region. This syndication model allows individuals to pool their resources and capital to invest in high-quality horses or stallions, reducing financial burdens and risks while maximizing potential returns within the highly competitive horse racing industry. The Suffolk New York Horse or Stallion Syndication Agreement typically outlines various crucial aspects related to the syndication partnership, including ownership percentages, financial contributions, voting rights, management responsibilities, breeding rights, and profit sharing arrangements. This legally binding agreement serves as a roadmap for all syndicate members to ensure smooth operations and transparent decision-making processes. There are two primary types of Suffolk New York Horse or Stallion Syndication Agreements: 1. Racehorse Syndication Agreement: This type of agreement is entered into by individuals who are interested in jointly owning and racing a high-quality thoroughbred or standard bred racehorse in Suffolk County, New York. The agreement specifies the obligations and benefits that each syndicate member will have, including sharing in the expenses related to training, boarding, veterinary care, race entry fees, and any other race-related costs. Additionally, it defines the distribution of winnings and profits generated from the horse's successful racing career. 2. Stallion Syndication Agreement: This agreement is designed for individuals who wish to co-own and manage a stallion for the purpose of breeding in Suffolk County, New York. The syndicate members collectively own the stallion and agree on matters such as breeding rights, stud fees, marketing strategies, and the division of any income generated from stallion services. This agreement also includes provisions for the management of the stallion's welfare, training, and veterinary care. Both types of syndication agreements play a vital role in fostering collaboration, minimizing financial risk, and maximizing potential returns to the highly competitive Suffolk County, New York horse racing industry. These agreements enable individuals with a shared passion for horses to access premium bloodlines, talented racehorses, or stallions that would otherwise be financially challenging to own individually.The Suffolk New York Horse or Stallion Syndication Agreement is a comprehensive contractual arrangement between multiple owners or shareholders for the purpose of jointly owning and managing a racehorse or stallion in the Suffolk County, New York region. This syndication model allows individuals to pool their resources and capital to invest in high-quality horses or stallions, reducing financial burdens and risks while maximizing potential returns within the highly competitive horse racing industry. The Suffolk New York Horse or Stallion Syndication Agreement typically outlines various crucial aspects related to the syndication partnership, including ownership percentages, financial contributions, voting rights, management responsibilities, breeding rights, and profit sharing arrangements. This legally binding agreement serves as a roadmap for all syndicate members to ensure smooth operations and transparent decision-making processes. There are two primary types of Suffolk New York Horse or Stallion Syndication Agreements: 1. Racehorse Syndication Agreement: This type of agreement is entered into by individuals who are interested in jointly owning and racing a high-quality thoroughbred or standard bred racehorse in Suffolk County, New York. The agreement specifies the obligations and benefits that each syndicate member will have, including sharing in the expenses related to training, boarding, veterinary care, race entry fees, and any other race-related costs. Additionally, it defines the distribution of winnings and profits generated from the horse's successful racing career. 2. Stallion Syndication Agreement: This agreement is designed for individuals who wish to co-own and manage a stallion for the purpose of breeding in Suffolk County, New York. The syndicate members collectively own the stallion and agree on matters such as breeding rights, stud fees, marketing strategies, and the division of any income generated from stallion services. This agreement also includes provisions for the management of the stallion's welfare, training, and veterinary care. Both types of syndication agreements play a vital role in fostering collaboration, minimizing financial risk, and maximizing potential returns to the highly competitive Suffolk County, New York horse racing industry. These agreements enable individuals with a shared passion for horses to access premium bloodlines, talented racehorses, or stallions that would otherwise be financially challenging to own individually.
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.
