Do you have to have a breeding contract with a stallion?
Do you have to have a breeding contract with a stallion?
The right breeding contract between a stallion and mare owner can prevent a number of foreseeable problems. Both stallion and mare owners are sometimes surprised to learn – especially after things go wrong – that their breeding contracts have failed to address critical and foreseeable problems.
Can a stallion be managed by someone other than the owner?
If the stallion is managed by someone other than its owner, the contract should specify that the manager has authority to transact business on behalf of the owner and, of course, execute contracts. And unless a farm name is a true legal entity (such as a corporation or limited liability company), it should not be named as a party to contract.
Do you need a breeding contract for a mare?
If you are preparing to breed your mare, as you go through the process of selecting a stallion, here are some elements of breeding contracts in the equine industry to consider: Mare owners should make sure that the one with whom they are contracting has authority.
Are there late payments on a horse contract?
Contracts frequently address nonpayment or late-payment problems, such as late-payment fees and interest on unpaid balances. While reasonable late-payment fees are commonly found in equine industry contracts, interest rates can vary considerably because state laws regulate maximum interest rates.
What is the contract for a stallion breeding?
STALLION BREEDING CONTRACT This contract is entered into and is between the undersigned known as “STALLION OWNER” and the undersigned “MARE OWNER”. This contract sets forth the rights and responsibilities of the parties for the breeding season 20____.
If you are preparing to breed your mare, as you go through the process of selecting a stallion, here are some elements of breeding contracts in the equine industry to consider: Mare owners should make sure that the one with whom they are contracting has authority.
If the stallion is managed by someone other than its owner, the contract should specify that the manager has authority to transact business on behalf of the owner and, of course, execute contracts. And unless a farm name is a true legal entity (such as a corporation or limited liability company), it should not be named as a party to contract.
What happens to the balance of the breeding fee?
The balance of the breeding fee, ___________, plus any unpaid boarding and associated fees and expenses shall be paid by the Mare Owner when the mare is picked up; provided, however, Right of Lien herein below shall at all times apply insofar as monies owed Owner of Stallion. d.