Sales

Article

Breeding Contracts: Read the Fine Print

December 01, 2001

Spring -- a time for new beginnings and unrealized potential -- might be the most enjoyable season of the year for a mare owner. The sight of a healthy foal romping with its dam in the field can easily pus... Read More

Article

AAEP Convention Forum: Purchase Exams at Public Auction

November 30, 2001

One of your top clients wants you to look at a filly he has his eye on at the sales. You must give him your honest opinion on the horse by looking at radiographs taken by another veterinarian and housed in a repository.... Read More

Article

Lien On Me

October 11, 2001

Unpaid bills can be the ruin of any business. Whether you operate a large training stable or a modest boarding farm, the way you deal with the inevitable client who cannot, or will not, pay the board bill might decide whether your business... Read More

Article

Boarding Contracts Part 2

October 05, 2001

Many attorneys recommend including in boarding contracts an exculpatory clause in which the boarder agrees to a waiver of the farm's liability for personal injuries or injuries to the horse. This is important due to the nature o... Read More

Article

Dealing With Agents

October 03, 2001

Several years before his death, comedian-actor John Candy teamed with   Eugene Levy in a video spoof of musical documentaries. They portrayed the inept, accordion-playing Schmenge brothers in "The Last Polka." At one point in the... Read More

Article

Life After Colic Surgery

August 01, 2001

Q: My horse had successful colic surgery about 3 1/2 years ago. He is now for sale, but as soon as someone hears that he had the surgery, they are no longer interested and ignore all the good points about the horse. Is there any... Read More

Article

Buying or Building a Farm

June 01, 2001

Buying or building a horse farm can be a challenging venture where dreams might or might not become reality, and where budgets dictate compromise. The buyer needs to consider what is more advantageous: To build on empty land, or to buy a... Read More

Article

Sales Prepping Yearlings

May 01, 2001

As spring moves into summer, the primary focus of activity on many breeding farms is preparation of yearlings for sale. There isn't much scientific research on exercising horses at that young age, yet many farms are using forced exercise to make... Read More

Article

Equine Insurance

February 01, 2001

Can you protect yourself against potential calamities by purchasing insurance? The answer to that question is easy. Yes. You can insure your horse for a wide variety of eventualities--all the way from being struck by lightning or hit by a car... Read More

Article

BHS Warns of Unscrupulous Dealers

December 15, 2000

The British Horse Society (BHS) recently issued a warning to British horse owners about the dangers of unscrupulous dealers. BHS reports that dealers have been advertising in equestrian magazines for “companion” horses. Owners sell horses to... Read More

Article

Prepurchase Exams: What Can They Tell You?

July 01, 2000

A prepurchase exam is not a guarantee of future soundness. A veterinarian can tell you if a horse is sound at that moment, point out evidence of past problems, and show you areas that have the potential to cause problems in the future.... Read More

Article

Liability Issues

December 01, 1999

Whether horses are your vocation or avocation, it is important to shield yourself from as much potential liability as possible. Failure to do so can be devastating, both personally and professionally. ... Read More

Article

NC Approves Horse Feed Tax For Promotion

November 05, 1999

A North Carolina state referendum was passed with an 80% majority approving a tax of $2 on each ton of horse feed sold. According to the North Carolina Department of Agriculture, this will raise $200,000 annually for promotion of the horse... Read More

Article

Licensing Agreement Claim False

October 27, 1999

The press release issued Sept. 1 by Select The Best of Carson City, Nev., regarding a licensing agreement with Nutramax Laboratories Inc. concerning a combination chondroitin sulfate and glucosamine hydrochloride product is completely false,... Read More

Article

First National Wild Horse Satellite Adoption

August 13, 1999

Eighty-seven wild horses from Nevada will find new homes in 19 states after a lively competitive bidding session via satellite on August 6.

“Response to the first nationally televised... Read More

Article

Don't Get Bucked Off By New Equine EIA Testing Law

August 13, 1999

Planning to sell Ol' Paint? After September 1, Texas law will require that equine, including horses, donkeys, mules, and asses, have a test for equine infectious anemia (EIA), (also known as "Coggins" or "Swamp Fever") within... Read More

Article

Capital Gains Bill Introduced To Help Horse Owners

April 09, 1999

The American Horse Council reports that Congressmen Jerry Weller (R-IL), Joel Hefley (R-CO), Ron Lewis (R-KY) and Congresswoman Karen Thurman (D-FL) have introduced legislation to reduce from two years to one the period for... Read More

Article

Boarding Contracts

November 01, 1998

No one wants to add complication and aggravation to a business or pleasure activity, and for many horse enthusiasts, the use of written boarding contracts is viewed as providing more hassle than benefit. After all, you might think, what is the... Read More

Article

Limitation of Liability

August 01, 1998

Horses often seem to be accidents waiting to happen, and most horse owners can recount at least one horror story that starts with: "You aren't going to believe this, but..." Less apparent, but equally true, is the realization that horse... Read More

Article

Thoroughbred Mistaken Identity Case Settled

April 03, 1998

Trainer Bret Calhoun of Grand Prairie, Texas, and officials from the Keeneland sales company have reached a settlement regarding a misidentified racehorse that was sold last fall at public auction, according to reports in the... Read More

Article

Foal Sharing

February 01, 1998

Foal sharing, by definition, is an agreement under which a mare owner puts up the use of a mare while the stallion owner puts up the use of a season. Together, the two partners own the resulting foal with no currency having changed hands for a stud... Read More

Article

How Do You Own Your Business?

April 01, 1997

A question often put to attorneys is: "Should I incorporate my (fill in the blank) business?" The answer depends on several factors, and involves weighing the advantages and disadvantages of the various forms of ownership that can be chosen for ... Read More

Article

Estate Planning

September 01, 1996

What happens to your horse in the time between your death and probate of your will? When your will actually goes through the probate process, will your wishes regarding care of your horse be enforceable? Will they be honored by the probate court?... Read More

Article

Like-Kind Exchanges

July 01, 1996

When a taxpayer sells a performance horse at a profit, generally that realized profit is recognized and subject to tax as either ordinary income or capital gain. The like-kind exchange rules provide a special exception that allows taxpayers to avoid ... Read More