Horse Racing Syndicate Contract Format In Hillsborough

Category:
State:
Multi-State
County:
Hillsborough
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

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.

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.

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.

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.

Best Racehorse Syndicates in France Lynch Dooley Thoroughbreds. Hambleton Racing. Value Racing Club. Diamond Racing. Middleham Park Racing.

More info

Often, syndicate agreements specify the manager must preapprove any sales or other transfers of syndicate ownership. Edit, sign, and share Horse or Stallion Syndication Agreement online.No need to install software, just go to DocHub, and sign up instantly and for free. The Racing Club will be made up of at least one horse at any given time and they will be trained to race for the Hillsborough Racing Club. Out settlement agreements and file a stipulation of discontinuance. Good Friday agreement. Thank you for all that you do to support the equine industry. Congratulations! Syndicate Agreement displayed on page 6 of this application form.

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Horse Racing Syndicate Contract Format In Hillsborough