Racehorse Syndicate Agreement Formula In Alameda

Category:
State:
Multi-State
County:
Alameda
Control #:
US-00039DR
Format:
Word; 
Rich Text
Instant download

Description

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.

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FAQ

Horse Racing Syndicates: How to Share Costs and Own a Racehorse Keep the partnership simple and get everything in writing. Find a horse you like and a great veterinarian you trust. Decide how many shares will be offered in a horse. Choose your trainer wisely. Map out a plan and consult with your partners and trainer.

The Merriam Webster Dictionary defines syndicate as a group of people or businesses that work together as a team. This may be a council or body or association of people or an association of concerns, officially authorized to undertake a duty or negotiate business with an office or jurisdiction.

Clubs tend to be open where anyone can join - you effectively share the costs and fish from there. There can be limits on numbers, but mostly not. Syndicates tend to be limited numbers of places to fish 'special' venues usually containing some very big fish.

Syndication refers to a co-ownership of a horse, also known as a “co-ownership agreement” when made between two or more people. Each owner owns a fractional interest in the animal and the original owner is the syndicator and the manager.

Syndicates are a form of shared ownership where the Syndicate members own, or lease, an interest in racehorses. A Syndicate is managed and administered by the Syndicator(s) and only the syndicator(s) must register as a Sole/Company owner. It isn't necessary for members of the Syndicate to register as owners.

More info

Read the instructions before completing this form. The syndicate manager should provide all potential investors with a detailed business plan and proposed syndicate agreement asking them to come up with cash.Essentially, they have an agreement to be coowners with fractional interests in a horse, such as a racehorse, breeding stallion, or show horse. International runners must fill out the vaccine exemption form on page 146 of this guide and. SB-1525 Maintenance of the codes. The trust agreement shall be in a form acceptable to the commissioner. Assure that eligibility is maintained for property owners in the community to purchase flood insurance in the National Flood Insurance Program. 419.02. So it's not just his genes. As soon as she was filled up and strong she could fly.

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Racehorse Syndicate Agreement Formula In Alameda