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The racehorse industry commonly calls this contract a Syndicate. We prefer to call it a Joint Ownership or Joint Venture contract and have produced a product specifically for the Australian performance horse industry.

It is tailored for each circumstance and deals with legal issues surrounding matters such as: type of ownership arrangement (usually tenants in common), duration of contract and method of renewal, method of termination, manager and management responsibilities, budgets and authority to handle money, sale of the horse and any substitution horse, sale of an owner’s share, a defaulting owner (of any money payable), indemnity and mediation in the event of a dispute.

If you or a group of people are contemplating  buying a horse to campaign in any horse discipline, contact us to discuss how this contract can be used to bed down your plans in writing.