A New Mexico Waiver and Release by Seller for Sale and Delivery of Horse is a legal document that protects the seller of a horse from any liability or claims arising from the sale and delivery of the horse to the buyer. It is a written agreement between the seller and the buyer that outlines the terms and conditions of the horse sale and provides a release of liability for the seller. The purpose of this document is to ensure that the seller is not held responsible for any injuries, damages, or losses that may occur to the buyer or the horse after the sale and delivery. By signing this waiver and release, the buyer acknowledges the risks associated with horse ownership and agrees to protect the seller from any legal actions or claims. The New Mexico Waiver and Release by Seller for Sale and Delivery of Horse typically includes essential information such as: 1. Identification of the parties involved: The full names and contact details of both the seller and the buyer. 2. Description of the horse: Detailed information about the horse being sold, including the breed, age, color, markings, and registration details if applicable. 3. Purchase price and payment terms: The agreed-upon purchase price for the horse and the payment terms, including any installment payments or financing arrangements. 4. As-is sale: A statement indicating that the horse is sold "as-is," with no warranties or guarantees provided by the seller regarding the horse's fitness, soundness, or suitability for a specific purpose. 5. Risk assumption and liability release: A clause stating that the buyer understands the inherent risks involved in horse ownership, such as the potential for accidents, injuries, or unforeseen health issues. The buyer agrees to assume all risks and acknowledges that the seller will not be held responsible for any such incidents. 6. Indemnification clause: A provision that requires the buyer to indemnify and hold the seller harmless from any claims, damages, or expenses arising out of the horse's sale, delivery, or subsequent ownership. 7. Governing law and jurisdiction: A statement specifying that the agreement is governed by the laws of New Mexico and that any disputes will be settled within the jurisdiction of the state's courts. It is important to note that while this description provides a general overview of a New Mexico Waiver and Release by Seller for Sale and Delivery of Horse, there may be variations and additional clauses depending on the specific circumstances of the horse sale. It is always advisable to consult with a legal professional when drafting or signing any legal document.
New Mexico Waiver and Release by Seller for Sale and Delivery of Horse
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