Important Knowledge To Know Before Signing Horse Purchase/sale Contracts & Agreements

The purchasing and selling of horses should be conducted in the same businesslike manner as any other transaction. This applies to both parties. Because there are so many ways in which a buyer can be led astray during a transaction, the term “horse trading” has come to be applied to all kinds of deals. The term “horse trader” has been applied to more than one astute merchant who has never been in the presence of a horse. A simple verbal understanding has been the downfall of many otherwise enduring friendships. It may seem inconsiderate to be picky with a friend, but any and all agreements ought to be carefully debated and comprehended prior to entering into any kind of business transaction. If at all possible, you should enter into a legally binding agreement, have it put in writing, and have both parties sign it. After that, there won’t be any room for confusion or room to argue that “I thought you meant…”

Even “friends” and “friends of friends” may know of someone who has “just the right animal for sale.” Getting rid of a horse can be done for a variety of different reasons. “A man has no choice but to sell his horse, and while he would prefer that the animal go to a good home, he is willing to part with him for a price that is very fair. It stands to reason that the animal has a higher value. Be wary of deals like this one. Because when the horse doesn’t perform as expected, the “friends of the friend” will all of a sudden forget all about the animal and won’t remember anything they said about it. You should under no circumstances make a commitment before having the opportunity to carefully investigate the horse. There are a variety of techniques one can use to give the impression that a horse is walking out sound. It is not uncommon for sellers to administer a shot of Novocain into a horse’s sore leg in order to make the animal appear to be in better walking condition.

When you purchase an animal, you should request that the vendor write a description of the animal, including its markings. If you are interested in purchasing a papered animal (one that has been registered), the markings are located on a chart that is located on the back of the pedigree. Check to see that the agreement states that the animal is healthy and true to its description. A man invested $3,500 in the purchase of a purebred show horse for his daughter. After a week of training, they observed that the animal was unable to complete the figure eight without making errors. An X-ray revealed an old fracture that was located deep in the foot among the small bones after a call was placed to a veterinarian. Because the horse had been sold with the understanding that it was in good health, the money was given back to the original owner, and the horse was also given back to the original owner. The injury was known to the seller, but the animal had not been used in several months and did not walk with a limp at the time of sale. It was a situation in which the seller believed the condition might not manifest itself for some time, possibly appearing too late to be mistaken for an old injury.

Another animal was agreed to be purchased for the sale, but the final contract was not signed nor did any exchange of money take place. The animal was found dead the following day after suffering from a severe case of colic the previous day and passing away a few hours later. Because this particular transaction did not go through, the seller is the one who is out any money.

It is possible to purchase a horse “on time.” However, the contract will not be renegotiated regardless of what happens to the horse after it has been delivered, and the purchase price will still need to be paid in full. The buyer pays the seller a deposit, and the seller then delivers the animal to the buyer. The seller’s responsibility stops there. One illustration of this would be the sale of a pregnant mare. Before the mare was handed over to her new owner, the pregnant status was examined and confirmed by the veterinarian. The buyer, by signing the contract, agreed to make a payment of fifty dollars every month until the balance was paid in full. The mare had just given birth when she managed to escape her corral and was hit by a car two days later. There was no visible sign of injury, but when the time came for the mare to give birth, there was no colt. The owner had no intention of paying the remaining balance. In this particular scenario, the seller had protection in the form of a signed contract as well as the previous examination performed by the veterinarian. After delivery, the seller was not responsible for the animal in any way, including its care or condition.

In the event that the horse develops a nasty disposition after the sale, the new owner is still responsible for him. It’s possible that a lack of knowledge or improper handling is the root of the problem.

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