A horse bill of sale is an official, legal document that lays out the details of a transaction between the buying party and selling party of a horse. It should always be included in the sale, as it shows proof of purchase, previous ownership, and current ownership of the horse. A horse bill of sale acts as an official receipt and proof of ownership for the buyer.
Contents of a Horse Bill of Sale Form:
A horse bill of sale should include the following information.
Buyer and Seller: Both the seller of the horse and the buyer/new owner’s full names should be on the document and clearly labeled as “buyer” and “seller.” This makes it clear who the new owner is.
Mailing Address: The seller should include their mailing address, so if there are any complications or questions from the buyer, the seller can be easily contacted.
Description of the Horse: The horse’s description should include the breed, gender, name, birth date, registration number, and a specific description of the horse. This makes it clear which horse is being bought and gives the buyer important details about the horse.
Price: As the horse bill of sale is a legal receipt of sorts, it is important to include the exact price of the horse. This makes it clear that the buyer has agreed to purchase the horse for the agreed-upon price.
Security Deposit Amount: Some horse bills of sale will include the option of the buyer paying a security deposit before the sale date. Other horse bills of sale will not have a security deposit and will require the buyer to pay the full price on the day of the sale. It is important to specify this information in the bill of sale so the buyer can be prepared to pay the deposit beforehand, if necessary.
Signatures of Buyer, Seller, and Other Parties: The signatures should be both signed and printed for clarity. The signatures should clearly write dates for accurate records of the sale. Some horse bills of sale also include spaces for witnesses to sign the document, so if any legal concerns arise, witnesses can be referred to recall information as needed. Another option is to include an agent’s signature, which would be necessary if a horse broker-assisted with the sale.
Bill of Sale Form
Having a horse bill of sale is a smart decision when buying or selling a horse. Taking care of horses is a big job, and it’s not cheap. Having a horse bill of sale will be helpful for the buyer to refer to, should any questions about the horse’s specifications arise in the future. This document will also be helpful for the seller, as it releases the seller from all legal matters concerning the horse. Both buyers and sellers should keep the horse bill of sale in a safe place so they can retain the legal proof of the sale.