Montana Horse or Stallion Syndication Agreement

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State:
Multi-State
Control #:
US-00039DR
Format:
Word; 
Rich Text
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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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How to fill out Horse Or Stallion Syndication Agreement?

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FAQ

What is syndication? In a horse ownership syndication, a group of people comes together to purchase ownership in a promising horse for a professional event rider. The ownership not only covers the actual cost to buy the horse, but also the annual costs needed to maintain the horse.

In most cases, owners pay an upfront sum plus monthly maintenance fees. Training, racing and veterinary costs add up to about £28,000 a year per horse. Syndicates make money if their horse wins or gets placed in a race, or if it is sold on in the future either for more racing or breeding.

Horse Racing SyndicatesHorse 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.

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.

Horse syndication is now the most common way for new owners to get involved in racehorse ownership. A licensed syndicator will sell shares in horses they own, with individuals buying different portions of that horse (2.5%, 5%, or 10% shares being the most popular).

A syndicate allows multiple people to purchase equal shares in a horse which cuts ownership costs, allowing more people to take part in the ownership. For example, five people decide to form a group to purchase 5% in a racehorse. Each member owns 1% of the horse and also 1% of the horse's upkeep during its career.

Typically, a share in a stallion syndicate entitles the share owner certain breeding rights to the stallion; principally, the right to breed to the stallion without paying stud fees. Modern stallion syndicates offer more options.

Horse racing syndicates are actually often more affordable than buying a horse outright. This is because you don't have to pay for the complete upkeep of the horse yourself. Many owners will also tell you that the price you pay for a share in a racing horse is well worth the perks.

The best racehorse syndicates are:Hambleton Racing.Value Racing Club.Diamond Racing.Middleham Park Racing.Nick Brown Racing.Shamrock Thoroughbreds.Nick Bradley Racing.Grange Park Racing.More items...

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Montana Horse or Stallion Syndication Agreement