Ensure the clause triggers for leases or "free to good home" situations, not just sales.
The story ended happily because Sarah understood that a buy-back contract is a , not a guarantee of ownership. It ensured Barnaby never ended up in a bad situation or at a low-end auction without Sarah having the chance to save him first. Key Takeaways for Your Contract: horse buy back contract
They agreed the buy-back price would be the current fair market value or the original sale price, whichever was lower. Ensure the clause triggers for leases or "free
Sarah and the new family signed a simple, clear addendum to the bill of sale. It stated: Key Takeaways for Your Contract: They agreed the
Some owners include a "liquidated damages" fee if the buyer sells the horse without offering it back first.
Three years later, Sarah received a bittersweet phone call. The young daughter had outgrown Barnaby and was moving on to a faster pony. Because of the contract, the family didn't post an ad on Facebook or send him to an unknown dealer; they called Sarah.