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 Arkansas Agreement to Train and Race Thoroughbred Racehorses, commonly referred to as the Arkansas Racing Agreement, is a legally binding contract that governs the training and racing activities of thoroughbred racehorses in the state of Arkansas. This agreement outlines the terms and conditions between the horse owner or syndicate and the trainer, as well as the racing commission and other relevant parties. The Arkansas Racing Agreement is specifically designed for thoroughbred racehorses participating in races held at various racetracks in Arkansas, such as Oak lawn Park and Southland Park Gaming & Racing. It aims to ensure the transparency, fairness, and integrity of the horse racing industry while protecting the interests of all involved parties. Key provisions and aspects covered in the Arkansas Agreement to Train and Race Thoroughbred Racehorses include: 1. Identification and Ownership: The agreement requires the clear identification of the thoroughbred racehorse through its registered name, breed, age, and other relevant details. It also specifies the names and addresses of the horse owner or syndicate, trainer, jockey, and any other authorized individuals involved in the horse's training and racing. 2. Training and Care: The agreement outlines the trainer's responsibilities, including the provision of proper training, exercise, and medical care for the racehorse, ensuring its physical and mental well-being. 3. Racing Schedule: The agreement sets out the racehorse's anticipated racing schedule, including the specific races it will participate in, corresponding dates, locations, and any necessary qualifying conditions. 4. Financial Arrangements: This section entails the financial agreements between the horse owner and the trainer, encompassing aspects such as training fees, race entry fees, prize money distribution, and any additional expenses incurred during the horse's participation in races. 5. Insurance and Liability: The agreement addresses the issue of insurance coverage for the racehorse, including provisions for medical coverage, mortality insurance, and liability coverage for any damages or injuries that may occur during training or racing events. 6. Drug Testing and Doping: The Arkansas Racing Agreement ensures compliance with anti-doping regulations and mandates regular drug testing to maintain integrity in the racing industry. The agreement strictly prohibits the use of prohibited substances intended to enhance the performance of the horse or manipulate the outcome of races. 7. Termination and Breach: This section outlines the circumstances under which the agreement may be terminated, such as by mutual consent or due to a material breach of contract by either party. Penalties, dispute resolution mechanisms, and remedies in case of breach are also addressed. It is important to note that variations of the Arkansas Agreement to Train and Race Thoroughbred Racehorses may exist, tailored to specific racetracks or racehorse syndicates. Some prominent types include "Oak lawn Park Racing Agreement" and "Southland Park Thoroughbred Racing Agreement" which incorporate track-specific regulations and requirements while still adhering to the overarching principles of the Arkansas Racing Agreement.
