Originally Posted by Golden Horse
There is a small possibility that I may be going to trade out one of my horses, this would be a straight swap I believe, theirs for mine.
I was wondering if anyone has done this and if you had a contract agreement?
I'd write it up as a bill of sale and note that it's Horse A for Horse B. A dollar amount is not usually required if there was a clear barter/swap arrangement.
For any contract to be valid you need offer, acceptance, and consideration. "Consideration" means a promise for a promise; it may or may not be a promise to pay money. A time for performance is most highly recommended, but if one is not set then when a dispute arises a court will presume a "reasonable time."
As long as this is a clean swap you don't need a Philadelphia Lawyer to draft a contract. If buy backs, swap backs, guarantees, etc. are involved then you will need a lawyer to ensure that things are done correctly.
Put another way, following the KISS Principle is a Very Good Thing!!!