A bill of sale can protect you in the event of a dispute.
When the time comes to sell your horse, it is important to protect yourself and your rights with a bill of sale. A bill of sale clearly spells out the terms of the arrangement, including the purchase price of the animal, any payment arrangements and the name of the horse being sold. A bill of sale can also outline any pre-sale arrangements, such as a vet check or soundness exam. While not every horse sale transaction requires a bill of sale, if the sale price can be measured in thousands of dollars a bill of sale is probably in order.
Instructions
1. Start the bill of sale with a complete description of the horse being sold, including the animal's breed, registered name and registration number. Also include any unusual markings, including stars, snips and other facial markings and the appearance of any white socks.
2. Detail any pre-sale checks that have taken place, including soundness exams, x-rays and vet checks. These details will be important if a dispute arises later on. Attach copies of any veterinary exams to the bill of sale, and keep a copy for yourself as well.
3. Spell out the total purchase price of the horse, and detail any payment arrangements that have been made. If you are selling a very expensive animal, the buyer might want to make payments over time. Be sure these payments are spelled out clearly in the bill of sale.
4. Include the full name and the address of the buyer on the bill of sale. Also include a spot for both buyer and seller to sign and date the sales agreement.
5. Make copies of all applicable paperwork, including the horse's registration papers, the bill of sale itself and any supporting documentation.
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