Loan Agreements With Horses

The most common dispute a lender should pay attention to is a disagreement over what has been agreed as to who pays what. For example, if a large veterinary bill is charged and there is no insurance to cover that bill, there may be a dispute over who pays it. It may be that the borrower is responsible for the veterinarian`s bill, given that he owns the horse, but if it is the borrower who is the client of the veterinary practice concerned and if the borrower has ordered the veterinarian to visit the horse (which is most often the case since he has daily control of the horse`s care), the veterinarian must possibly follow the borrower for the payment of the horse. That`s the bill. You are largely free to make the deal you want with the other party. There are very few things that, for any legal reason, cannot be included in your contract. So if you want to specify details like power supply, you can do that, or you can keep the terms wide. We recommend that you add as much additional detail about the points that are important to you. Remember that you need to be realistic about whether the other party will be able to honor the contract and stay by their side. Be sure to consider all factors before lending your horse, especially the horse`s suitability, as well-being is of the utmost importance. Does your horse, for example, have an illness that requires special care, or is your horse older and going to a companion? Your horse will be out of your daily control and there have been opportunities to lend horses to people considered trustworthy, but the horse unfortunately ends up in a neglected state.