Horse Racing Syndicate Contract With Us In Washington

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Multi-State
Control #:
US-00039DR
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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.

Horse Racing Syndicates Horse Racing Syndicates Checklist. Define your Syndicate. Define your Syndicate. The first thing you need to ask yourself is why are you starting a syndicate. Pick your Members wisely. Set up a Management Plan. Ensure Everyone is On Board. Make it Happen. Conclusion.

For a syndicator to be approved by the BHA they must themselves be registered as a sole or company owner. SYNDICATE MEMBERS: Any person who has shares in the ownership, or lease, of racehorses through a syndicate should be listed a syndicate member.

For a syndicator to be approved by the BHA they must themselves be registered as a sole or company owner. SYNDICATE MEMBERS: Any person who has shares in the ownership, or lease, of racehorses through a syndicate should be listed a syndicate member.

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.

More info

Are you located in California, New York, Oregon or Washington? Interested in forming a horse syndicate?Fill out the application completely and accurately, including any criminal history. Members may be reappointed, and vacancies shall be filled in the same manner as original appointments are made. Essentially, they have an agreement to be coowners with fractional interests in a horse, such as a racehorse, breeding stallion, or show horse. Bylaws of the Washington Thoroughbred Breeders and Owners Association. Click here for printer-friendly version. A stallion syndicate, or any person racing or breeding a horse as provided in Rule 4.10 must be USTA members. Monday 23 December, am to pm. We have agreements with the horsemen at each of our racetracks.

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Horse Racing Syndicate Contract With Us In Washington