The sample sale/purchase agreement below is a GUIDE only to the sort of agreement that may be made between the SELLER and BUYER of a horse.?
AGREEMENT OF SALE
This agreement, dated this _____ day of ________, _________is made by and between _______________ ('SELLER') and _________________ ('BUYER').
(to be paid for by the Buyer)
Date of test:______________?
Purchase Price £:
Balance Due £:
Balance Due Date:?
(Check which of the following warranties are to be included in the agreement)
The SELLER covenants that he/she is the lawful owner of said equine; that he/she has the right to sell said equine; and that he/she will warrant and defend the equine against lawful claims and demands of all persons.?
The SELLER makes no other promises, express or implied, including the warranties of fitness for a particular purpose unless further provided in this Agreement.?
Buyer waives any claim for damage should said equine fail to meet the above warranties at the time of delivery, unless such a defect is discovered within (X) days from delivery to BUYER.?
To the best of his knowledge, the HORSE has no unsoundness or health problems on date of sale which would cause the HORSE to be unfit for regular training.
Will any disputes be settled through arbitration??YES/NO?
Legal disputes shall take place and be governed by the laws of ___________ (state country/state).
In witness whereof the Parties, intending to be legally bound, hereby have set their hand and seal on the day above written.