Hillsborough Florida Horse or Stallion Syndication Agreement

Name: Hillsborough Florida Horse or Stallion Syndication Agreement
Brand: US Legal Forms
Rating: 4.69 (249 reviews)

Category:

Animals - Horses

State:

Multi-State

County:

Hillsborough

Control #:

US-00039DR

Format:

Instant download

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.

How to fill out Hillsborough Florida Horse Or Stallion Syndication Agreement?

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FAQ

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.

If you're wondering what a horse racing syndicate is and how it works, you're on the right page. It's a group of like-minded individuals who all own a share or multiple shares in one or more. racehorses. Racehorse shares are paid for on a yearly basis, with the option of renewal once the. syndicate year is over.

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 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 Syndicator makes their money by putting a margin on the shares or charging an on-going management fee. This occurs when they sell the shares and this information must be declared within their Product Disclosure Statement (PDS). By being transparent they ensure integrity.

Many people choose horse racing syndicates because they work out more cost-effective than owning horses outright. In some cases, you may be able to make stable visits to see your horse up close! Some of the biggest and most celebrated prize winners have come from syndicate ownership and stables.

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.

More info

Tania Kindersley explains how horses can lift us in the face of adversity. What is a Stallion Syndicate?Fill out the form completely and accurately, including the signature of the breeder of record. Return the form, along with the required W-9. Canty grew up in Moorpark, Calif. Circumstances under terms established in a required. 256 written agreement; requiring the division to adopt a. The essentials for any horse breeding lease agreement – what both mare and stallion owners should look for in a breeding contract. There were 12 horses in the stalls,. Of which eight were rescued.

Hillsborough Florida Horse or Stallion Syndication Agreement

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