Contract needed

[livaward]

Okay so I have been thinking of a contract to right up for the current owners and I to sign when I go get the new girl.

I ________________ (current owner) sign over all ownership of Ripley to _______________ (new owner) on this day ___ of _________, 2009.

_______________ (current owner) has first refusal of buy back if ______________ (new owner) is not able to care and provide for Ripley.

I know there is some other things that I thought of that I can't for the life of me remember.

[WashingtonBay]

Might you want to specify price on the buyback? Your price or theirs? The value he was sold at today, or current market value then??? I don't know.

[livaward]

good point......

how would I word that?

Oh yeah there will also be a picture of the horse on the contract.

[HoustonFarrier]

I'll send you a sale contract tonight that we use........

Steve

[clpUPMICH]

I would add a physical description of the mare and any distinguishing characteristics/markings, and include photos (front/back/each side).

Crystal

[Joey A]

I forget the exact terminology, as I haven't personally sold a horse in some time. (I don't deal with people looking to buy horses, no one is ever good "enough", I forget most people need more than 30 seconds to mesh with a horse, so I never sell anything.)

But we have a thing where we, at our option, can "reposses" the horse if it's been keep poorly and declined in health without a history of vetrinary care. IOW, if they don't have documentation from a vet stating a legitimate cause (ie, horse got sick or injured etc...) we can take possesion of the horse. There's a 1 year limitation, and we only pay 75% of the original purchase price. (I've seen as low as 50%)

I need to see if that's legal here in Texas, I know it was in CA. I need a new atty...

[livaward]

Thanks Steve.....

clpupmich.....I was planning to put a pictue...good idea for all angles