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Importance Of Horse Purchase Agreement

By Thomas Parker


Buying an equine is a remarkable investment in which both the money and emotions are greatly involved. Since one is interested in having a good animal it is very important to select an animal that is good to work with and attractive to look at. Horse purchase agreement helps in the protection of both the buyer and seller especially if a conflict arises concerning the agreed terms of sales and the purchases.

Characteristics of equine should be written in contract to help in times of conflict resolution if it occurs. It helps in getting the money back if the animal presented does not meet the stated traits. The document also acts as the evidence that indeed there was a transaction.

Persons within the city of Dedham, MA are advised to be very cautious when buying an equine. They are required to investigate appropriately from the individuals who once underwent the process. This could be from the individuals such as friends or even the magazines too. This helps in getting an overview of what to go through during the process. It helps in understanding the regulations that are involved in process.

Every person taking part in transaction process is required to sign within the contract. The buyer should ensure that his animal signing for has all the desired traits. The vetting procedure helps in realizing some physical defects of animal. The receipt obtained on cash payments should be retained for future purposes.

If one bought an equine after reading an advert by the seller, it is crucial to keep the paper as it can be used as evidence if a dispute arises. A good agreement should comprise items such as the identification of parties involved during the time of agreement. The buyer and seller should be written in it.

The amount used during the purchase should be clearly stated within it. Clear description of equine is important. It is good to ensure that the photograph if available should be attached to contract. The registration number should also be noted on it. Inclusion of intention of buying one within it is important. Some may intend to buy to help in the functions such as show jumping, hacking and even for hunting purposes.

It should also contain a clause stating that the equine is free of vices and any kind of defects and is able to meet the purpose for which it was intended for as per the information disclosed by the seller during the period of drafting the contract. It should also contain any problems related to the animal that the seller is aware of. The chances of disputes occurring are minimal if the seller had forewarned about the vices of animal before the contract.

The agreed date on which the transfer has to be done should be clearly stated within the document. Many prefer to take the ownership role after the transportation due to the dangers that may occur during the transportation to the premises of buyer.




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