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Skip Navigation LinksAll Horse Topics > Business/ Financial/ Legal > Contracts


Articles ( * = TheHorse.com members only )Date Posted
Hobby or Business? Defining your Equine Venture  *
According to the Internal Revenue Service, if your main objective is to make a profit, then you are considered a legitimate business. Many people involved within the horse industry often do not view their small horse operation as a business. They are surprised to learn that you do not have to own a large facility or have several years of experience ... Read full story
8/31/2008
California Considers Enforceable Horse Trusts  *
In California, legislation that provides for the judicial enforcement of trusts created by owners for the continued care of their horses has made its way to Governor Schwarzenegger's desk. SB685, sponsored by the San Francisco Society for the Prevention of Cruelty to Animals (SFSPCA), would repeal current law allowing trusts for domesticated or pet ... Read full story
7/10/2008
Excerpt from The Complete Equine Legal & Business Handbook: Trusts  *
Various kinds of trusts can be valuable estate planning tools, although trusts probably are not the cure-all for probate problems they sometimes are advertised to be. Revocable Trusts Revocable trusts also are known as "living" trusts. Such trusts take effect during the lifetime of the maker of the trust. They can be modified or completely revoked ... Read full story
6/19/2008
Excerpt from The Complete Equine Legal & Business Handbook: Records  *
The paperwork requirements for starting a business vary from almost none (a sole proprietorship) to extensive (a corporation). And once the business is up and running, the owner or owners must maintain a variety of records. Record keeping can be a lot of work even for a simple business, and it may be tempting to let the task slide in favor of more ... Read full story
6/2/2008
Shipping Mix-Up Sends Studs To the Wrong Countries   *
The search for the Thoroughbred stud Dubai Excellence has turned to Ukraine. This is where the horse thought to be Samood, who was identified as the stallion believed initially to be Dubai Excellence in Australia, is meant to have gone, sources close to the situation have said. Michael Ford, keeper of the Australian Stud Book, confirmed the week ... Read full story
10/1/2005
Sales Integrity Program Committee Addresses Concerns Over Surgery Disclosure  *
The monitoring committee for the Sales Integrity Program is taking action to address some consignors' concerns about how the Thoroughbred auction industry will handle the disclosure of invasive joint surgeries and other procedures designed to permanently change a horse's conformation. Disclosure is a provision of the industry's new code of ethics, ... Read full story
8/2/2005
Purchase, Design, and Management of the Farm  *
So you want to have your own horse farm. Should you build or buy? Hire a real estate agent or go out looking on your own? What about once you've acquired a facility--how do you manage the soil, fencing, employees, security, and manure? Four individuals versed in purchase, design, and management of horse farms shared their knowledge about establishing ... Read full story
8/20/2003
Basics of Being an Employer  *
You probably know the employment drill all too well--you place an ad in the local newspaper or on the bulletin board at the feed/tack store, ask your friends for a few names, interview some job prospects, review your budget, review your budget again, make an offer, get a "yes," start the paperwork, and hope for the best. Congratulations! You're an ... Read full story
8/1/2002
Breeding Contracts: Read the Fine Print  *
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 push aside memories of the endless hours of hard work that got you to that point, at least until it is time to start again. An essential, but sometimes ... Read full story
12/1/2001
Lien On Me  *
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 succeeds or fails. An obvious solution for providers of many services--simply quit the job, cut your losses, and ... Read full story
10/11/2001
Boarding Contracts Part 2  *
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 of a boarding transaction. When one party (in this case the horse owner, or bailor) delivers property to another (the farm ... Read full story
10/5/2001
Buying or Building a Farm  *
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 pre-existing horse farm. There are many other elements to consider, including location, future growth and how that ... Read full story
6/1/2001
Equine Insurance  *
The great day has arrived. You've been patient. You've saved your money. You've looked at dozens of candidates. Now you know this is the horse for you, the one that will take you to the training level at the horse trials or, if another discipline is involved, allow you to move up in your chosen competition. The only problem is that the horse costs ... Read full story
2/1/2001
Liability Issues  *
The popularity of Judge Wapner’s ‘Animal Court,’ Judge Koch’s ‘The People’s Court,’ ‘Judge Judy,’ ‘Judge Mills Lane,’ ‘Judge Joe Brown,’ and other similar ‘legal reality’ television shows convinced Mr. and Mrs. Green that everyone wants to sue everyone else, with national exposure, if possible. They recognize that their modest horse business is a potential ... Read full story
12/1/1999
NC Approves Horse Feed Tax For Promotion  *
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 industry in North Carolina. Approval of the self-imposed tax indicates a sincere interest in the growth and development ... Read full story
11/5/1999
Licensing Agreement Claim False   *
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, according to Nutramax. Select The Best was one of several companies named as a defendant in a lawsuit filed ... Read full story
10/27/1999
Boarding Contracts  *
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 worst thing that can happen to me if I continue to do business as usual, without written agreements with my ... Read full story
11/1/1998
Limitation of Liability  *
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 businesses, by their very nature, also can be "accident prone." Whether horses are your vocation or avocation, it ... Read full story
8/1/1998
Foal Sharing  *
Foaling season has begun, and soon the paddocks will be dotted with foals, each holding the aspirations and expectations of its breeder--a literal field of dreams. Preparation for this moment began more than the 11 months ago the mating took place, and the movement of the season toward spring means that breeders are making arrangements to take their ... Read full story
2/1/1998
How Do You Own Your Business?  *
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 a business venture. Whether you are just starting in the horse business, or are contemplating a change in ... Read full story
4/1/1997
Estate Planning  *
You've owned your horse, Midnight Star, for two years. One day you come across a newspaper column. It describes a tragic automobile accident in which several people died. You suddenly realize that if something like that happened to you, you would want someone to take care of your horse. You talk to a friend who agrees to take care of Midnight Star ... Read full story
9/1/1996




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