Table of Contents
- The Basics: What is a Horse Bill of Sale?
- When a Horse Bill of Sale is Needed
- The Consequences of Not Having One
- The Most Common Situations
- What Should be Included in This Document?
1. The Basics: What is a Horse Bill of Sale?
A Horse Bill of Sale documents the sale or transfer of a horse between two parties — a Seller and a Purchaser. When buying a horse or pony, a Bill of Sale shows that ownership of the equine has been officially transferred to a new person. Once signed, this document is a binding agreement in case either parties change their minds or disputes arise.
A bill of sale is generally used to transfer ownership of personal property that is tangible and easy to move like a motorized vehicle, water vessel, or even a dragon. You may also need this document if you:
A simple Horse Bill of Sale is proof that a purchase occurred and includes the following elements:
- Seller: the person who currently owns the horse being sold
- Purchaser: the person buying the horse or becoming the new owner
- Description of Horse: the horse’s date of birth, coat color (bay/chestnut/gray), sex, breed, registration number, markings or tattoos
- Sire: details about the horse’s father, including his registration number
- Dam: details about the horse’s mother, including her registration number
- Price: state the sale price and how the horse will be paid, whether in full or in instalments, plus when the registration papers will transfer hands
- Warranties: whether the horse is sold “as is” or if there are guarantees
- Date: when the horse was sold by the Seller to the Purchaser
As a reference, people often call this document by other names:
- Bill of Sale for Horse
- Equine Bill of Sale
- Equine Contract of Sale
- Equine Purchase Agreement
- Equine Sales Agreement
- Horse Bill of Sale Agreement
- Horse Purchase and Sale Agreement
- Horse Purchase Contract
- Horse Sale Agreement
- Horse Sale Contract
Horse Bill of Sale PDF Sample
The sample horse bill of sale below details an agreement between the seller, ‘William B Briggs’ and the purchaser, ‘Veronica R Wright.’ William B Briggs agrees to sell Bucky, a chestnut gelding, to Veronica R Wright for $6,000.Horse Bill of Sale
2. When a Horse Bill of Sale is Needed
A Horse Bill of Sale provides written proof of the following:
- the Seller owns the horse and has the right to sell the horse
- whether an agent is acting on behalf of either the Purchaser and/or Seller
- a transaction actually occurred, especially if the horse is gifted or traded
- the Seller intended to transfer ownership of the horse to the Purchaser
- details of the horse transferred (i.e. year, model, make, serial number, unique markings)
- the horse was sold “as is” or is guaranteed to be fit for competition
3. The Consequences of Not Having One
A Horse Bill of Sale could save you time and money. For example, if the newly purchased horse turns out to be a lame or have medical problems, this document may be helpful in a future lawsuit about a fraudulent sale. Actor Tom Selleck, better known in his role in Magnum, P.I., successfully won more than $187,000 after being sold Zorro, a lame horse supposedly fit for competition back in 2009.
Here are some of the consequences a Horse Bill of Sale could prevent:
|Lost time||Lost time
|Lost money||Lost money
|Loss of Reputation||Personal safety
What happens if I do not have the proper documentation?
4. The Most Common Situations
Here are just a few people who could commonly benefit from a simple Horse Bill of Sale:
Possible Sellers and Purchasers:
- Family members
- Online horse selling platforms
- Horse Dealers
5. What Should be Included in this Document?
A simple Horse Bill of Sale should generally answer the following basics:
- Who is buying and selling the horse
- What the purchase price of the horse is for future tax purposes
- Where the horse was registered and its registration number
- When the horse is being purchased
- How the horse is sold with warranties and conditions or simply “as is”
What else should be included?
A Horse Bill of Sale may also address these additional considerations:
- Breeding Rights: whether rights to breed the horse are being transferred
- Commission: whether the Purchaser and/or Seller will pay an agent, trainer, or third party a fixed amount or percentage of the purchase price for help with brokering the deal
- Deposit: whether and under what conditions the Seller must refund the deposit if the Purchaser rejects the horse after confirming the horse’s health with a veterinarian
- Registration Papers: confirm when the official registration papers should be transferred to the Purchaser and make sure the horse description and registered owner matches
- Veterinarian’s Examination: whether the Purchaser can get a pre-purchase veterinary exam with a blood sample from a local vet, especially if the horse is sold “as is”