Both parties could reach the agreement because they normally protect both parties. However, the person who submits the agreement first has a considerable advantage because he or she is able to adapt it to its specific requirements. It is always easier psychologically to accept terms that are presented to you than to refute you. The loan agreement should specify what is expected of the horse owner and the borrower. Make sure that it is clearly dated and signed by all parties and that the main purpose of a written agreement is simply to ensure that every point of the agreement is covered, so that none of the parties can ever claim to have misunderstood what has been agreed. You don`t need to use legal language; You just need to make sure you`re covering the important points. If you lend or rent your horse, you will probably be worried about its welfare. You should use a contract if you borrow, borrow or rent a horse or pony. It may seem overly formal to do so, especially if the agreement is with a friend or family member, but the use of agreements offers additional “insurance” for both parties if something goes wrong. 10. Indicate what should happen if the horse has to fall asleep. Who will make that decision? How quickly does the borrower have to inform the landlord and can the borrower approve it if it fails to control the owner? Second, it serves as a record of what has been agreed, so that it can help avoid any misunderstandings as soon as the credit is in effect and the problems are out of control.
The use of a formal written document may seem unnecessary among friends, but it is in the interest of both parties, long-standing friendship and the horse. 3. A simple statement that the owner is the rightful owner of the horse and has the right to authorize the horse`s loan. For a loan to work well, both parties must agree on their responsibilities and ensure that all contingencies are planned, especially what will happen when the loan expires unexpectedly. We strongly discourage a written agreement. Make sure the agreement is acceptable to both parties; Don`t agree with something if you don`t intend to put it into practice or if you don`t agree. A loan contract is an important way to reduce risk and protect the owner, the loan player and, of course, the horse. Horse owners may end up with a horse they grew up with but don`t want to sell. In these situations, credit 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 costs associated with the maintenance of the horse. Use the agreement to lead a discussion about what the agreement will be before you directly accept the loan. If you address the points covered by the agreement, you can judge whether the other party is someone you want to do business with and what concerns they might have.
The content of the agreement is attributable to the owner and the borrower or borrower. Below is a list of the most common points to consider. Be sure to consider all the factors before borrowing your horse, especially the horse`s ability, as well-being is of the utmost importance.