Equine Law Made Easy | April 2016
It is not uncommon for a horse to be owned by multiple parties, or for an arrangement to be entered into where the horse’s owner leases the horse to another person, on the understanding that the ultimate sale price shall be split by the two parties to take account (for example) the training done by one party.
In my experience, these situations are often not recorded in writing or, if they are, lack the required detail to properly minimise potential disputes. That being said, I am sure that in most situations the arrangement will work well.
However it may not always work out well or as expected, and in those cases, what may appear to be an insignificant point could easily develop into an area of contention, which then (in turn) leads to other points being disputed. Where the arrangement is not recorded in writing, you could also end up with the parties debating not only the issue at hand, but what was actually agreed to at the outset. A dispute could arise for any number of reasons, such as how an injury arose, how the horse is being trained and how it is being cared for.
[bra_button text=”Click here to download a full version of the article” url=”http://www.bglegal.co.nz/wp-content/uploads/2016/04/Equine-Law-139.pdf” target=”_blank” size=”medium” style=”” color=”red”]
Share This Blog