It
is common for people in the equine world to do the majority of their
deals verbally. Deals of this nature are often agreed between familiar
parties, whom are believed to be honourable and trustworthy. However,
this is not always the
case; horses
are valuable and sometimes irreplaceable and it is important to protect
your investment becoming a legal liability. Without a written
agreement you leave yourself open to a range of potential problems if the terms
of the agreement are not honoured. Agreements can provide you with legal protection in the event of a dispute, as well as peace of mind knowing that you are fully protected should a dispute arise.
Written agreements
can be drafted to cover a range of situations including: