Memorandum Of Agreement Template (Page 2 of 3) in pdf

3.2.4

Clipping;

3.2.5

Cost of THS registration should the USER require the HORSE to be registered;

3.2.6

Cost of all show entries and associated costs;

3.2.7

Any other costs reasonably associated with the HORSE.

3.3

The USER shall only be entitled to use the HORSE for the following purposes:

3.3.1

___________________

3.3.2

___________________

3.4

The HORSE shall not be worked for longer than ________ for more than _______ days per

week.

3.5

The HORSE shall not be competed in more than ______ shows per month and in not more

than _________ classes per show.

3.6

The USER shall make use of the tack provided and shall not use in other tack on the

HORSE unless with the prior agreement of the OWNER.

3.7

The HORSE shall be maintained on the following feeding regime:

3.7.1

________________________________

3.7.2

While under the control of the USER the HORSE shall be stabled during the night but

will be turned out during the day.

3.8

All risk in and rights to the HORSE shall remain with the OWNER.

3.9

In the event that the horse shall die of natural causes while the subject of this

agreement, neither party shall have any claim against the other. In the event that the

HORSE should die as a result of injuries suffered while under the control of the USER. The

OWNER shall have no claim against the USER except in the instance of gross negligence or

intent, in which case the claim will be limited to the reasonable cost of the HORSE and

shall not include any consequential damages.

3.10

The HORSE may not be re-located without the OWNER’s prior permission.

3.11

The OWNER makes no representations and gives no warranties or guarantees as to the

medical condition or capabilities of the HORSE, other than as recorded in this agreement.

The onus is on the OWNER to satisfy him/her self as to the condition of the HORSE and its

ability.

BREACH

In the event of the OWNER or USER breaching any of the terms of this agreement, and

remaining in default for 20 business days after having received written notice requiring it

to rectify the breach then and in such event and in addition and not in substitution for

any other claims or rights of action which the aggrieved party may have in the

circumstances the aggrieved party shall have the right, but shall not be obliged:

4.1.1

forthwith to cancel the agreement

4.1.2

to vary the agreement;

4.1.3

to claim from the defaulting party all damages, direct or indirect which the aggrieved

party may sustain whether or not the sale agreement is cancelled.

4.1.4

In the event that the USER is in default with the payment obligations, the OWNER

may bar the USER from using the HORSE.

Memorandum Of Agreement Template Page 2

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