Fill and Sign the Co Owners Form

Agreement to Purchase a Horse as Co-Owners Agreement made on the       day of       , 20       , between       of (Name of Buyer A)       , referred to herein as Buyer A , (street address, city, state, zip code)       of (Name of Buyer B)       , referred to herein as Buyer B , (street address, city, state, zip code) and       of (Name of Seller)       , referred to herein as Seller . (street address, city, state, zip code) Buyer A and Buyer B may be hereinafter known as Co-Owners or Buyers. For and in consideration of the payment of the sum of $       by Buyers and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Seller does hereby sell, transfer, convey and assign to Buyers the following described horse:  Name of Horse:        Color of the Horse:        Height of the Horse:        Age of Horse:        Breed of Horse:        Name of Horse’s dam:        Name of Horse’s sire:       1. The Horse has the following special markings or features:       A greement to Purchase a Horse as Co-Owners Page 1 of 3 2. Seller hereby warrants that he is the lawful owner of said Horse and that he has full legal right, power, and authority to sell said Horse. Seller further warrants said Horse to be free of all encumbrances, liens, security agreements, claims, demands, and charges of every kind whatsoever and will warrant and defend the title to said Horse against any and all persons whomsoever. Seller further warrants and guarantees the above described Horse to be healthy and free of disease. 3. Each Buyer will own a 50% undivided interest in the Horse. This Agreement does not constitute and shall not be construed as constituting an association, partnership, joint venture or relationship of principal and agent between Buyers. Neither party shall have any right to obligate or bind the other party in any manner whatsoever. 4. Severability. The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision. 5. No Waiver. The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred. 6. Governing Law. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of       . 7. Notices. Unless provided herein to the contrary, any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement. 8. Attorney’s Fees. In the event that any lawsuit is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all the sums that either party may be called on to pay, a reasonable sum for the successful party's attorney fees. 9. Mandatory Arbitration. Notwithstanding the foregoing, and anything herein to the contrary, any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect. 10. Entire Agreement. This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this A greement to Purchase a Horse as Co-Owners Page 2 of 3 Agreement shall not be binding upon either party except to the extent incorporated in this Agreement. 11. Modification of Agreement. Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party. 12. Assignment of Rights. The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party. 13. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same instrument. 14. Compliance with Laws. In performing under this Agreement, all applicable governmental laws, regulations, orders, and other rules of duly-constituted authority will be followed and complied with in all respects by both parties. WITNESS our signatures as of the day and date first above stated. (Signature of Seller) (Signature of Buyer) (Signature of Buyer)                   (P rinted Name of Seller) (P rinted Name of Buyer) (P rinted Name of Buyer) A greement to Purchase a Horse as Co-Owners Page 3 of 3