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View Full Version : Share/loans


Anne
18th Mar 1999, 06:09 PM
Hello :-)

After almost 3 years riding and instruction I'm just about to take a share loan on the horse I ride at a livery yard.

The owner of the horse has written down an agreement in rough draft which I will collect tomorrow after discussing all the details, and type up for us both to sign a copy.

Are there any pitfalls in this type of agreement I should watch out for, or should I go ahead with confidence?

Any advice would be much appreciated.

Just one more thing .... to "Horselover" ....

If you have a good, qualified instructor in whom you have trust and who gives you confidence, with positive and constructive criticism and encouragement, go ahead and take jumping lessons. She or he, will KNOW
if you are ready and secure enough in your seat to jump .... but do wear a body protector ... the good instructors will probably insist anyway ... but I know there are some schools who don't.

I've fallen off a few times ... most people do, regardless of how experienced they are, and I certainly was glad I was wearing a body protector.

You will hear all kinds of advice from other riders ... some generous, some not (I can't tell you how many times I was patronised by the latter, and almost gave up) but most people are very helpful and encouraging, and all said the same thing .... get a really good instructor!

Good Luck!

Anne

Paula
8th Apr 1999, 01:28 PM
Anne

The main thing to do in any agreement is to cover the details. Do not leave the contract too vague this can only lead to arguements later. Have an appendix to the body of the contract that covers these details and that can be added to by mutual consent.

Things you must agree are:-

Who pays for what.
Who has the right to request vetenary treatment.
Who has the right to have the horse destroyed in an emergency.
Who is responsible for ensuring the horse, becareful if you pay for it and it is in the owners name because you have no right to make a claim.

This is not an exhaustive list but I hope it helps. Remember you never need a contract until things go wrong and then the devil is in the detail.

Don't be put off but remember this is a legal agreement and it may be wise to take legal advice.