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.
The Kings New York Horse or Stallion Syndication Agreement is a legally binding document that outlines the terms and conditions between the syndicate members and the horse or stallion owner. This agreement is specifically designed for Kings New York, a prominent horse or stallion syndication company offering various types of syndication agreements to cater to the diverse needs of horse owners and investors. One type of Kings New York Horse or Stallion Syndication Agreement is the Standard Syndication Agreement. This agreement entails the syndicate members collectively owning a percentage share in the horse or stallion, thereby sharing the costs and potential profits. The agreement typically specifies the rights and responsibilities of each party, including financial contributions, decision-making processes, breeding rights, and race participation. Another type is the Limited Liability Syndication Agreement, wherein the syndicate members have limited liability for any debts or liabilities incurred by the horse or stallion. This agreement is suitable for investors who wish to limit their personal financial risk while still participating in the ownership and potential profits. The Kings New York Horse or Stallion Syndication Agreement also includes provisions related to the syndicate's duration, termination conditions, and the process for resolving any conflicts or disputes among the syndicate members. It may also contain clauses related to the horse's insurance, boarding arrangements, veterinary care, and other important considerations regarding the care and well-being of the horse or stallion. Furthermore, the agreement highlights the financial obligations of the syndicate members, including initial purchase costs, ongoing expenses such as training fees, veterinary expenses, transportation costs, and other fees necessary for the horse's overall management. Overall, the Kings New York Horse or Stallion Syndication Agreement is a comprehensive and customizable legal document that aims to protect the interests of both the syndicate members and the horse or stallion owner. By setting clear guidelines and responsibilities, this agreement ensures a smooth and transparent business relationship, allowing all parties involved to enjoy the benefits of horse or stallion ownership and potential financial gains.The Kings New York Horse or Stallion Syndication Agreement is a legally binding document that outlines the terms and conditions between the syndicate members and the horse or stallion owner. This agreement is specifically designed for Kings New York, a prominent horse or stallion syndication company offering various types of syndication agreements to cater to the diverse needs of horse owners and investors. One type of Kings New York Horse or Stallion Syndication Agreement is the Standard Syndication Agreement. This agreement entails the syndicate members collectively owning a percentage share in the horse or stallion, thereby sharing the costs and potential profits. The agreement typically specifies the rights and responsibilities of each party, including financial contributions, decision-making processes, breeding rights, and race participation. Another type is the Limited Liability Syndication Agreement, wherein the syndicate members have limited liability for any debts or liabilities incurred by the horse or stallion. This agreement is suitable for investors who wish to limit their personal financial risk while still participating in the ownership and potential profits. The Kings New York Horse or Stallion Syndication Agreement also includes provisions related to the syndicate's duration, termination conditions, and the process for resolving any conflicts or disputes among the syndicate members. It may also contain clauses related to the horse's insurance, boarding arrangements, veterinary care, and other important considerations regarding the care and well-being of the horse or stallion. Furthermore, the agreement highlights the financial obligations of the syndicate members, including initial purchase costs, ongoing expenses such as training fees, veterinary expenses, transportation costs, and other fees necessary for the horse's overall management. Overall, the Kings New York Horse or Stallion Syndication Agreement is a comprehensive and customizable legal document that aims to protect the interests of both the syndicate members and the horse or stallion owner. By setting clear guidelines and responsibilities, this agreement ensures a smooth and transparent business relationship, allowing all parties involved to enjoy the benefits of horse or stallion ownership and potential financial gains.
