It is important to understand the different components of a horse bill of sale. Both sellers and buyers have to address many issues to safeguard their own liabilities and interests during any transaction involving the ownership of a horse. Writing a generic document can be detrimental to your interests. Here are 3 things not to miss while writing an equine bill of sale. For more information about getting a bill of sale in Oregon, please visit this website.
Horse identification details
To the layman, every horse might look like the same. You need to put in everything that you can, to be able to identify your horse. Write about all the unique attributes of the animal, such as distinct markings on its body, as well as any member identification number for a Jockey Club, show, breed association etc. Also include the basic details, such as the name, color, breed, height, sex and age in the blank bill of sale form.
Include any warranties
If you intend to use the equine as a grand prix jumper or a companion horse, you have to decide whether the use for the house is warrantable. If you as well as the buyer gives consent to warrant the horse, your agreement should clearly indicate what exactly is being warranted, the warranty period, how much should the penalty be in case the other party fails to satisfy the warranty.
Indemnification details
The bill of sale template should also include indemnification language on your, the seller’s, behalf. It should mention that horse riding is a risky sport and nobody can predict the behavior of such an animal at any time. Thus, you should not be held liable for any accidents occurring due to the horse.
Please visit this site to get a sample bill of sale in Tennessee.
Read another blog about online bill of sale forms here at - https://online-bill-of-sale-forms.webnode.com
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