If you use one of these agreements, the terms are clear and agreed, so there are far fewer misunderstandings. The risk of conflict is also greatly reduced because each party knows what it has committed to and legal action will follow if it ignores it. The prospect of borrowing a horse is exciting, but there are a series of important reflections, such as time and finances, that need to be carefully considered before choosing a loan. The decision to borrow a horse should not be taken lightly or rushed, as a horse that turns out to be unsuitable or uncertain can be extremely annoying. It can also put the new loan in a difficult situation. The use of a formal written document may seem unnecessary between friends, but it is in the interest of both parties, long-term friendship and the horse. Horse owners may end up with a horse they grew up on, but don`t want to sell. In these situations, lending can be the ideal solution, as it allows the owner to keep ultimate control of the horse`s future, while someone else takes care of the daily work and care costs. This standard contract for horse shares is for guidance purposes only and legal advice should be sought to ensure that any contract is legally binding.
Once all this is established, the loan player can begin the exciting adventure of picking up and riding a horse. The owner can also rejoice that his horse is well maintained. They still hear the horror stories about lending horses, but these are rare and far removed from the number of horses taken care of by affectionate and caring borrowers. We believe that BHS documents are far from the target. The reasons for this are that the agreements are sponsored by the British Equine Vets Association, the ILPH and the RSPCA. Many riders simply accept a training contract occasionally, assuming that the owner shows up from time to time for lessons on her horse that is constantly improving. It`s easy to do. But it leaves you open to many potential problems.
Without the written training terms, it is likely that at some point you will not agree with your client on what they should reasonably expect from you. No agreement can overmeas a broken horse….