Memorandum Of Agreement Template printable pdf download

Memorandum Of Agreement Template

MEMORANDUM OF AGREEMENT

ENTERED INTO BY AND BETWEEN

_____________________________________________

ID Number: _____________________________

Address: ________________________________________

(hereinafter referred to as the “User”)

AND

____________________________________________

ID Number: _____________________________

Address: ________________________________________

(hereinafter referred to as the “Owner”)

WHEREAS the Owner is the legal and beneficial owner of the horse and certain tack, as detailed

in Annexure “A” hereto (hereinafter referred to as the “HORSE”) ;

AND WHEREAS the OWNER wishes to Half / full bait the HORSE to the USER;

AND WHEREAS the USER wishes to accept the OWNER’s offer on certain terms and conditions as

set out herein;

AND WHEREAS the parties have reached agreement governing the use of the HORSE and wish to

reduce the agreement to writing;

NOW THEREFORE THE PARTIES AGREE AS FOLLOWS :

FULL / HALF BAIT

The OWNER hereby leases the HORSE to the USER for his / her exclusive use and enjoyment,

subject to the conditions contained herein;

DURATION

This agreement shall come into operation on the ______________ subject to payment

being received in respect of the first month stabling and anticipated costs as set out by

the OWNER.

The agreement shall continue indefinitely until one month’s notice is given by either

party or the agreement is cancelled in terms of the breach provisions of this agreement.

RISK, FEES and EXPENSES

3.1

The lease price payable in respect of the HORSE is R ____________ (Rand

______________ ) payable monthly in advance.

3.2

In addition to the lease fee, the USER shall also be responsible for the full (Full bait) or

half (Half bait) costs in respect of shoeing, all vaccinations and veterinarian costs, as

deemed necessary by the OWNER and shall include but not be limited to:

3.2.1

a full set of shoes at least every _____ weeks, In the event that the horse loses a

shoe, the USER will also be responsible for the proportionate cost of repair;

3.2.2

Horse sickness, horse flu, strangles and tetanus vaccinations;

3.2.3

Deworming;

Memorandum Of Agreement Template