New Jersey Lease of Stallion for Breeding Services

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US-01146BG
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The following form is a generic lease for the breeding services of a stallion. Title to the stallion, of course, remains vested in the owner/lessor, although the stallion will be located on the lessee's premises.

The New Jersey Lease of Stallion for Breeding Services is a legal document that outlines an agreement between a stallion owner (lessor) and a mare owner (lessee) for the purpose of breeding services. This lease allows the lessee to use the stallion for a specific duration of time in order to breed their mare, in exchange for a fee or other agreed-upon compensation. The lease typically covers various aspects, including the terms and conditions of the breeding services, responsibilities of both parties, and the stallion's availability for mating. It may also include provisions related to veterinary care, health requirements, and guarantees of soundness and fertility of the stallion. The New Jersey Lease of Stallion for Breeding Services may vary depending on the specific terms agreed upon by the parties involved. Here are some potential types of leases that can arise: 1. Full-term Lease: This type of lease occurs when the stallion is leased for the entire breeding season, typically lasting several months. The lessee has exclusive access to the stallion during this period, allowing for multiple breeding. 2. Partial-term Lease: In a partial-term lease, the stallion is leased for a specific period of time within the breeding season. This could be a few weeks or months, depending on the agreement. The lessee is granted access to the stallion during the predetermined period, limiting the number of breeding. 3. Per-Breeding Lease: This lease type enables the lessee to use the stallion for a single specific breeding. It is commonly used when the mare owner desires only one specific offspring from the stallion, or when the stallion is in high demand and availability is limited. The New Jersey Lease of Stallion for Breeding Services protects the interests of both the stallion owner and mare owner, ensuring clarity regarding the terms of the breeding arrangement. It is important to consult with an equine attorney or legal professional to draft or review the lease agreement to ensure compliance with state laws and industry standards, as well as to address any specific circumstances or requirements.

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Any horse participating in said State Lottery Fund registered under Section 1142 of the New Jersey state finance statute and not eligible for racing shall be eligible to compete under said sire stake program under the control of the State Lottery Fund. The Secretary of State shall establish regulations establishing a procedure by which an applicant shall request the State Lottery Fund to allocate any allocated funds to said applicant for the purpose of selecting said applicant to race under this sire stake program until such horse(s) or their foals have been entered into the Race. The Secretary of State shall provide written notice to each applicant of any amount allocated by the State Lottery Fund to said applicant and the amount of any such allocation.

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New Jersey Lease of Stallion for Breeding Services