| Seller Buyer _________________________________ _____________________________________ _________________________________ _____________________________________ _________________________________ _____________________________________ _________________________________ _____________________________________ 1. This agreement is made between __________________________________ herein after reffered to as BUYER and _____________________________ herein referred to as the SELLER for the purchase of the horse described below. Name : _____________________________ Age / D.O.B. :________________ Sex : Mare / Gelding / Stallion Color : _____________________________ Breed : ______________________ Reg. # : _____________________ 2. The Buyer understands and agrees to the following total price of $ _______________. The Seller agrees to sell and the Buyer agrees to buy said horse based on the following terms. 3. A down payment in the amount of $ __________________ has been received by the seller on _________________,20_____ 4. The balance due is $ __________________ which will be paid in (weekly / monthly / lump) sum in the amount of $ _______________ (weekly / monthly) commencing on ___________________, 20____. The remaining payment(s) will be paid on the __________ of each month. 5. The horse will be kept at _______________________________________________ for _______ (days / weeks / months) or until the Purchase Agreement is paid in full. The Buyer agrees to pay all incidental costs (feed, vet, farrier, training, etc.) during this time. Feed will be at a cost to the Buyer of $ ________ per (day / week / month). 6. The Seller warrants that they have clear title to said horse. 7. The Seller makes no other warranties express or implied, including the warranty of fitness for a particular purpose, and the Buyer purchases horse "as is". 8. In the event that the Buyer is unable to complete the transaction in full, the said horse will return to the Seller in Satisfactory condition and the sale will be nullified and the payments already made will be forfeited. 9. In the event that the said horse becomes ill, permanently disabled, or dies, the Buyer agrees to fulfill the terms of payment. 10. _____ Yes, the seller wishes to retain the right to purchase this horse back if the new owner(s) decide to sell thus retaining the "first right of refusal". This is valid until the year _______, or as long as the horse lives. 11. Either party may nullify the Agreement if the other party breaches a material term of this Agreement. The wronged party may recover reasonable attorney's fees and court costs. Executed this ____________ day of _______________, 20 _____ Date Month Year _________________________________________________ __________________________________________________________________ Seller Buyer(s) |
| Purchase Agreement Bill of Sale |