This is a performance lease agreement related to a brood mare. It is used when the lessee desires to lease another person's horse for the purpose of riding or showing the horse in competitions. It includes provisions for lease payments, permitted uses, care and maintenance, risk of loss, insurance and assumption of risk.
A Green Bay Wisconsin Brood Mare Lease Agreement is a legally binding document that outlines the terms and conditions for leasing a brood mare, a female horse used for breeding purposes, in Green Bay, Wisconsin. This agreement is crucial for ensuring that both the lessor (the owner of the mare) and the lessee (the person leasing the mare) understand their rights and responsibilities throughout the duration of the lease. The Green Bay Wisconsin Brood Mare Lease Agreement typically covers various aspects, including but not limited to: 1. Identification: The agreement will include details about the mare, such as its breed, age, color, markings, and registration information. This section helps avoid any confusion or misunderstandings regarding the specific horse being leased. 2. Lease Duration: The document specifies the start and end dates of the lease term. It may also include provisions for extension or termination of the lease if mutually agreed upon by both parties. 3. Lease Fees and Expenses: The agreement lays out the financial terms, including the lease fees to be paid by the lessee to the lessor, as well as any additional expenses associated with the care, maintenance, and veterinary services for the mare during the lease period. 4. Breeding Rights and Responsibilities: This section outlines the rights and responsibilities of both parties in regard to the breeding process. It may include provisions on choosing a stallion, covering fees, reproductive soundness examinations, and the number of breeding cycles allowed during the lease term. 5. Care and Maintenance: The agreement establishes the protocols for the care and maintenance of the brood mare. It may specify instructions related to feeding, turnout, stabling, grooming, farrier services, and healthcare requirements, ensuring the well-being of the leased horse. 6. Insurance and Liability: This section addresses the issue of insurance coverage for the mare, both for mortality and medical expenses. It may also clarify the liability of each party in case of injury to the mare during the lease term. Types of Green Bay Wisconsin Brood Mare Lease Agreements: 1. Full Brood Mare Lease: This type of lease agreement grants the lessee complete control and responsibility over the brood mare's breeding activities. The lessee may retain all the offspring produced during the lease period. 2. Partial Brood Mare Lease: In this agreement, the lessor retains partial ownership of the mare and shares in the ownership and profits of the resulting foals. The responsibilities and expenses are often divided between the lessor and lessee in predetermined proportions. 3. Commercial Brood Mare Lease: This type of lease primarily focuses on the commercial aspects of breeding. The lessee may have the sole right to use the mare for breeding purposes, paying a lease fee and potentially entering into performance-based or profit-sharing agreements. These different types of Green Bay Wisconsin Brood Mare Lease Agreements allow horse owners and breeders to tailor their agreements according to their specific needs and goals. It is vital for both parties to carefully review and comprehend the terms outlined in the agreement before signing to protect their interests and ensure a successful brood mare leasing experience.A Green Bay Wisconsin Brood Mare Lease Agreement is a legally binding document that outlines the terms and conditions for leasing a brood mare, a female horse used for breeding purposes, in Green Bay, Wisconsin. This agreement is crucial for ensuring that both the lessor (the owner of the mare) and the lessee (the person leasing the mare) understand their rights and responsibilities throughout the duration of the lease. The Green Bay Wisconsin Brood Mare Lease Agreement typically covers various aspects, including but not limited to: 1. Identification: The agreement will include details about the mare, such as its breed, age, color, markings, and registration information. This section helps avoid any confusion or misunderstandings regarding the specific horse being leased. 2. Lease Duration: The document specifies the start and end dates of the lease term. It may also include provisions for extension or termination of the lease if mutually agreed upon by both parties. 3. Lease Fees and Expenses: The agreement lays out the financial terms, including the lease fees to be paid by the lessee to the lessor, as well as any additional expenses associated with the care, maintenance, and veterinary services for the mare during the lease period. 4. Breeding Rights and Responsibilities: This section outlines the rights and responsibilities of both parties in regard to the breeding process. It may include provisions on choosing a stallion, covering fees, reproductive soundness examinations, and the number of breeding cycles allowed during the lease term. 5. Care and Maintenance: The agreement establishes the protocols for the care and maintenance of the brood mare. It may specify instructions related to feeding, turnout, stabling, grooming, farrier services, and healthcare requirements, ensuring the well-being of the leased horse. 6. Insurance and Liability: This section addresses the issue of insurance coverage for the mare, both for mortality and medical expenses. It may also clarify the liability of each party in case of injury to the mare during the lease term. Types of Green Bay Wisconsin Brood Mare Lease Agreements: 1. Full Brood Mare Lease: This type of lease agreement grants the lessee complete control and responsibility over the brood mare's breeding activities. The lessee may retain all the offspring produced during the lease period. 2. Partial Brood Mare Lease: In this agreement, the lessor retains partial ownership of the mare and shares in the ownership and profits of the resulting foals. The responsibilities and expenses are often divided between the lessor and lessee in predetermined proportions. 3. Commercial Brood Mare Lease: This type of lease primarily focuses on the commercial aspects of breeding. The lessee may have the sole right to use the mare for breeding purposes, paying a lease fee and potentially entering into performance-based or profit-sharing agreements. These different types of Green Bay Wisconsin Brood Mare Lease Agreements allow horse owners and breeders to tailor their agreements according to their specific needs and goals. It is vital for both parties to carefully review and comprehend the terms outlined in the agreement before signing to protect their interests and ensure a successful brood mare leasing experience.
