Forbes.com featured a story this week, entitled “Tax Deductions for Yearling Thoroughbreds”, that may be of interest to many horse businesses. To read the article, click here. Many Thoroughbred racing industry experts are quoted in the article, including Kentucky equine lawyer Joel B. Turner, whose guest post was featured on the Equine Law Blog this
The Dangers of Advertised Exchange Policies for Horse Sales
Some horse breeders, trainers, and consignors who are in the business of selling horses advertise “exchange policies” on their websites. The typical exchange policy contains language promising that a buyer can exchange a horse purchased from the seller for another horse owned by the seller of the same or lesser value within ___ days of the…
Sale Documentation Tips for International Horse Sales Involving a Party in the United States
Happy Thursday on a short Labor Day holiday week, everybody!
Today’s post is a reprint of a "blurb" I did for a colleague’s newsletter this week. My colleague, Luc Schelstraete, is a top-notch equine attorney practicing in the Netherlands and his firm is called European Equine Lawyers. Luc and I are pictured below at…
International Horse Sales Part II: Terms to Include in Your Purchase & Sale Agreement
In addition to the terms usually included in a contract to buy a horse, a Purchase and Sale Agreement involving the shipment of a horse to another country should include the following terms:
1) Applicable Law: Will your country’s law, or the law of the other party’s country apply to the contract? This is important…
Top 4 Things to Have When Buying or Selling a Horse Internationally
Before you buy a horse from someone in another country or sell a horse internationally, you must have the following four items in place to help avoid disputes and headaches:
1) Written Purchase and Sale Agreement. An international sale is typically not one where a buyer can show up with a trailer, hand the…