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foal contract question

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        09-06-2013, 04:42 PM
      #11
    Green Broke
    Honestly, it doesn't sound like this woman is someone you'd want to do business with. An upfront exchange of cash for a weaned foal, maybe, but not something that has any potential complications. (ETA- Also, someone who has no horse experience who's going around buying multiple foals in utero is a huge red flag to me)

    Unless you absolutely cannot afford to feed the mare (and foal once it's born) I'd revise the agreement and let her know that she can buy the foal, for cash, once it's weaned, and you'll buy the mare's feed yourself in the meantime. Repay her for any feed she bought for your mare so far and tell her it's because the vet told you that your mare may not carry to term if that makes it easier to "back out" on the verbal deal.
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        09-07-2013, 01:26 PM
      #12
    Weanling
    Quote:
    Originally Posted by verona1016    
    Honestly, it doesn't sound like this woman is someone you'd want to do business with. An upfront exchange of cash for a weaned foal, maybe, but not something that has any potential complications. (ETA- Also, someone who has no horse experience who's going around buying multiple foals in utero is a huge red flag to me)

    Unless you absolutely cannot afford to feed the mare (and foal once it's born) I'd revise the agreement and let her know that she can buy the foal, for cash, once it's weaned, and you'll buy the mare's feed yourself in the meantime. Repay her for any feed she bought for your mare so far and tell her it's because the vet told you that your mare may not carry to term if that makes it easier to "back out" on the verbal deal.
    I totally agree with Verona ,tell her you have studied the situation and there is too many complications with the deal and if she wants it she can buy it when it's ready to leave the mare,and if she falls out with you over it,what have you lost?she sounds like a crank anyway.
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        09-09-2013, 12:18 AM
      #13
    Foal
    Okay, I would invite her over and construct a written document detailing everything the two of you can think of. The basics should be that you and her would each pay half of the mares costs until the foal is weaned, at which point, the ownership of the foal would transfer to her. Costs include feed, worming, supplements, any vet expenses related to the foal. She would be allowed to visit as long as she contacted you and arranged a time for the visit and how many people would come. If she doesn't want you to handle or train the foal once its born, say that's fine she can train it once its off your property. Make sure you both agree to this, it saves arguements and threats (been there) down the line. Verbal agreements are not concrete and mean very little legally so your daughter is incorrect in that, once the written documents is written go to a justice of the peace or the equivalent and have them act as a witness.
         
        09-10-2013, 12:15 AM
      #14
    Weanling
    Ok, I am finally back home, and will be drawing up a contract. No, the injured mare was not mine.
         
        09-11-2013, 05:28 PM
      #15
    Weanling
    Anyway, I am back home on my own computer, and trying to think up a contract that is fair. Just canceling out on everything is not an option, I guess. The woman who wants the foal is my daughters mother in law, and my daughter is beginning to get very upset with me, accusing me of wanting to back out on the deal, her mil is happy and excited, and yes, I do understand all of that, but I'm also not willing to be ran over. The mare is going to the vet to be palpated on the 21st, we don't even know for sure that she is pregnant yet, which I told the lady, and she said she wasn't concerned, because if the stallion bred her, then she HAD to be pregnant. I am now hoping against hope that she is not pregnant and then this whole issue will be moot. What in my opinion was a very loose agreement on my daughters porch, is in my daughters opinion a legally binding contract, and changing it now is seen as me causing trouble and trying to back out. This lady knew I was disabled, so she knew I did not want to raise a foal, so she asked if she could have the foal if she bought the mares feed each week, and I agreed, nothing was said about what if foal was stillborn, aborted, or whatever, they were in a big hurry to leave, and I fully expected to discuss it farther at a later date. She has not given me any trouble yet, but seeing how the issue is going with the party with the other mare, has me worried, plus she is always telling me things her boss says we ought to be doing, what feeds, etc. And unwanted advice from a 20 year old girl who considers herself a horse expert.
         
        01-09-2014, 02:54 AM
      #16
    Yearling
    I'm wondering if there are any updates to this?
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