Selling A Racehorse To A Riding Home? Check Out These Forms

In anticipation of a new wave of horses retiring from the racetrack during the COVID-19 pandemic, the Retired Racehorse Project has released a set of forms that can be utilized by an owner or trainer to easily keep things legal.

The RRP has a standard bill of sale, which seeks to protect both the seller and buyer in a transaction, as well as a link to The Jockey Club’s form to designate a horse as Retired From Racing.

Without official notification to The Jockey Club, a purchaser with access to a horse’s foal papers could theoretically enter the horse in a race, even if that’s not what the seller intended. Registering this status with The Jockey Club will put a permanent flag in the horse’s file, communicating that it has been retired, and will automatically indicate this to state racing officials so the horse may not be entered.

Many private sales happen based on a handshake deal in the racing industry, but experts say that could leave both parties open to legal liability in rare cases.

Those forms are available for free on the RRP website here.

The post Selling A Racehorse To A Riding Home? Check Out These Forms appeared first on Horse Racing News | Paulick Report.

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