Lima Arizona Waiver and Release by Purchaser for Sale and Delivery of Horse is a legal document designed to protect both the seller and the buyer during the purchase and delivery of a horse in Lima, Arizona. This agreement ensures that both parties fully understand and agree to the terms and conditions involved in the transaction. Key components of the Lima Arizona Waiver and Release by Purchaser for Sale and Delivery of Horse include: 1. Identification: The document starts by clearly identifying the horse being purchased, including its name, breed, age, color, markings, and registration number (if applicable). This ensures that there is no confusion between the buyer and the seller regarding the specific horse. 2. Purchase Price: The agreement outlines the exact amount of money being paid by the purchaser to the seller for the horse. It may also specify any additional costs or expenses related to the horse's sale and delivery, such as transportation fees. 3. Representations and Warranties: This section includes specific statements made by the seller regarding the horse's health, temperament, training, and any known or undisclosed defects. The buyer relies on these representations to make an informed decision about purchasing the horse. 4. Acknowledgment of Risks: The agreement acknowledges that horse-related activities involve inherent risks, and the purchaser acknowledges and accepts these risks. This protects the seller from liability in the event of any accidents, injuries, or damages that may occur after the delivery of the horse. 5. Waiver and Release: The purchaser agrees to release the seller, their agents, employees, and any third parties from liability for any claims, damages, or injuries arising from the horse's sale, delivery, or subsequent use. This provision is essential to protect all parties involved from potential lawsuits. 6. Indemnification: In situations where the purchaser's actions or negligence cause harm or damage to the horse or third parties, the agreement may include a provision requiring the purchaser to indemnify and hold the seller harmless from any resulting claims or expenses. Different types of Lima Arizona Waiver and Release by Purchaser for Sale and Delivery of Horse may include variations in the specific terms and conditions, or they may address the unique circumstances of the transaction. However, the key components mentioned above generally apply to all types of this legal document.