4-H Horse Club Project Member Lease Agreement Template (Page 2 of 2) in pdf

VII.

LESSOR’S RESPONSIBILITIES

The lessor guarantees that the animal subject to this lease is serviceably sound and as

represented to the lessee with respect to blood lines, age, health, temperament and training, following

noted exceptions: ______________________________________________________________________.

Misrepresentation of this animal on the part of the lessor, unless adjusted to the satisfaction of the

lessee, shall be sufficient cause for termination of the lease and seeking damages.

During the term of the lease, the animal may not be shown at any show by a professional

horseman. If the lessor is an amateur, the horse may be shown by the owner if such showing is a mutual

agreement between the lessor and the lessee.

VIII.

RESOLUTION OF DIFFERENCES BETWEEN PARTIES

In the event that a differences between lessor and lessee cannot be settled through discussion and mutual

agreement, then failure or refusal by either party to carry out any material provision of this lease shall give

the other party the right to terminate this lease. In addition, there shall be the right to compensation for

damages suffered by reason of such breech.

Differences that cannot be resolved by mutual agreement shall be subjected to arbitration at the request of

either party. Arbitration can be performed by a disinterested person mutually agreeable to lessor and

lessee or by an arbitration committee, one selected by each party hereto, and the third by the two thus

selected. The decision of such arbitration shall be binding on both parties.

IX.

TERMINATION OF THE AGREEMENT

Termination of this lease agreement can be accomplished by mutual consent of lessor and lessee,

otherwise termination will become effective five (5) days after either party has furnished the other party with

written notice specifying the date of termination and the election to terminate has been served on the other

party, unless either party has requested that the matter be subjected to arbitration.

SIGNATURES

________________________________________ ____________________________________________

Lessor (or Agent for Lessor)

4-H Member Signature

If either party is under 18, Parent/Guardian Signatures are required:

________________________________________ ____________________________________________

Lessor Parent/Guardian

4-H Member Parent/Guardian

The agreement may also be witnessed or signatures notarized if the parties wish.

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Copy of executed Lease must be submitted through 4-H Club Leader to County 4-H Office, or, if

independent member, directly to County 4-H Office.

DATE RECEIVED: _______________________________

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4-H Horse Club Project Member Lease Agreement Template Page 2