Sale/payment contract help? - The Horse Forum

 
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post #1 of 7 Old 07-19-2011, 09:05 PM Thread Starter
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Location: Quad Cities, IL
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Sale/payment contract help?

Does anyone have a good contract I can work off of for the sale of my mare?

* She will be sold on payments
* Agreement of amount per payment
* When payments should be made
* Repercussion for late payments
* Cannot leave until completely paid off
* Mare cannot leave before December 31st
* Board begins if mare is not picked up prior to March 1st
* Legal responsibility if mare gets injured
* Forfeiture of any money paid if buyer backs out of deal
* Agreement of shots/health certificate prior to pick up
* Mare may be bred or open at time of pick up (no guarantee either way)
* Breeding report will be filed and if she is in foal it will be registerable


Challenge me, Dare me, or even defy me. But do NOT underestimate me...
For on the back of my horse nothing is impossible!
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post #2 of 7 Old 07-23-2011, 11:04 PM
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I have a good contract for buying a horse with payments. Kinda long sorry :P

INSTALLMENT SALES AGREEMENT
1. PARTIES
This Installment Sale Agreement is being entered into
________________________

Buyer Name:
__________________________________________________ ________________

Buyer Address: __________________________________________________ ________________

Seller Name: _____________________________
Seller Address: __________________________________________________ _____
2. THE HORSE PURCHASED.
2.1. Description. The Seller agrees to sell the following horse:
Reg. Name: ____________________________
Registration Number: _______________________________________
Color/ Markings: ___________________________________________
Gender: _________ DOB: ________________________________
3. PURCHASE PRICE.
Buyer shall pay Seller $________
United States Dollars for the Horse. The purchase price shall be payable as follows:
3.1. Initial Payments. Buyer shall pay Seller $ _________________
dollars after the conclusion of this Agreement.
3.2. Additional Payment. The remaining balance of the Purchase Price shall be
payable in equal monthly installments of $ ______________________ each.
The first installment shall be due on the __ _______ day of
_____ ____________________ with a like payment on the
same day of each successive month until the
Purchase Price and all other charges are paid in full.
Buyer may prepay the remaining balance of the Purchase Price at any time.
3.3 Official transfer of possession will happen when the full purchase price is paid.
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post #3 of 7 Old 07-23-2011, 11:04 PM
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4. SELLER’S REPRESENTATIONS AND WARRANTIES.
As of the Effective Date and at Transfer of Possession, the Seller makes the following representations:
4.1 To the best of Seller’s knowledge, the Horse is in good health, sound and in good condition.
4.2 Seller confirms that horse is UTD on shots and vaccinations.
4.3 SELLER MAKES NO WARRANTIES WHETHER EXPRESSED OR IMPLIED,
INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTY OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THE PURCHASE OF THIS HORSE IS SUBJECT TO THE TERMS AND
CONDITIONS OF AN “AS IS” SALE.
4.4 Seller is the sole owner of Horse and has all authority to enter into this
Agreement.
4.5 There is no lien or encumbrance on the Horse.
4.6 Upon Seller’s receipt of the Purchase Price, in full, Seller shall provide Buyer
With all other documents necessary to
transfer registration of the Horse from the Seller to Buyer.
5. RISK OF LOSS.
5.1 Upon the Transfer of Possession as set forth in paragraph 3.3 above, Buyer
assumes all risk of loss of or injury to Horse.
6. BUYER’S REPRESENTATIONS AND WARRANTIES.
The Buyer expressly represents and warrants the following:
6.1 At all times Buyer is indebted to Seller for the Purchase Price of the Horse,
Buyer shall provide and pay for all reasonable equine care for the Horse,
including but not limited to board, food and water, veterinary care, hoof
care, grooming, & exercise.
7. DEFAULTS; REMEDIES.
7.1. Defaults. The occurrence of any of the following events constitutes a
default and breach of this Agreement by the Buyer:
1) The failure by Buyer to make any
Installment payment or any other payment required to be made by Buyer hereunder, as
and when due, where the failure continues for a period of (30) days;

2) The failure by
Buyer to observe or perform any of the covenants, conditions or provisions of this
Agreement which Buyer is required to observe or perform.

7.2 Remedies of Default by Buyer: Buyer will ship horse back to Seller at their own cost, Seller will regain ownership of horse, and funds already paid will be non-returnable.
7.3. Default by Seller. Seller shall not be in default unless Seller fails to
perform obligations required of it within a reasonable time, but in no event later than
thirty (30) days after notice by Buyer to Seller, specifying in what manner Seller has
failed to perform such obligations.
8. ENTIRE AGREEMENT.
This Agreement contains the entire agreement among the parties. Any
modifications or additions must be in writing and signed by all parties to the Agreement.
SELLER:

Signed: ________________________ Date: ______________

Name: __________________________
(Print)


BUYER:

Signed: _______________________ Date: ______________

Name: ________________________
(Print)
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post #4 of 7 Old 07-23-2011, 11:05 PM
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sorry it took two posts lol not sure if that helps but hopefully it does good luck with your sale
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post #5 of 7 Old 07-24-2011, 01:04 PM
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Hopefully I will be on the proper net by tues weds so I can post two up that I have used before that you cam work off of that are great and simple :)
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post #6 of 7 Old 07-27-2011, 12:55 PM Thread Starter
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Quote:
Originally Posted by WhosJackedUp View Post
sorry it took two posts lol not sure if that helps but hopefully it does good luck with your sale
Thank you!!!


Challenge me, Dare me, or even defy me. But do NOT underestimate me...
For on the back of my horse nothing is impossible!
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post #7 of 7 Old 08-04-2011, 08:54 PM
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Join Date: Jul 2011
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No problem!
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