Agistment agreement
This is the agreement between a horse owner and the owner of the piece of land where they intend to keep their horse. This is a legally binding agreement that includes elements such as what will be fed to the horse, the pasture or cattle land used, the rates charged during a certain period of time, the profits accrued from owning such a property and other extra expenses that will be incurred during the animals stay at that land. The owner of the property who is commonly referred to as the bailee is responsible for looking after the animals that are entrusted to them. Any damages or injury that might occur on the animal as a result of minor accidents that show they could have been avoided all together if the bailee was keener will also be charged on the bailee.
Examples of Agistment Agreements
Agistment agreements are mainly found in two forms, the written type of agreements and the verbal type of agreements. This is a legally binding agreement that includes elements such as what will be fed to the horse, the pasture or cattle land used, the rates charged during a certain period of time, the profits accrued from owning such a property and other extra expenses that will be incurred during the animals stay at that land. The written forms are the most ideal since they can be used in a court of law as evidence. Their only disadvantage is that the bailee cannot claim lien on the horses as they do not have a valid reason or right in situations where the agreement has been written down including what happens if a payment is default.
Where to Find Agistment Agreements online
There are so many templates of agistment contracts that can be easily accessed online. The only thing that the two parties need to do is alter some of the information to suit their required needs to strike them out if they are not necessary in their agreement. There are numerous websites on the site engines that provide these templates at absolutely no price. Alternatively the parties can draft their own agistment contract from scratch. The department of ministry has also come up with sample agistment agreements that they consider be standard and individuals can easily access them from their website or in their offices. It is therefore impossible not to get hold of an agistment contract if you are in need of one. Alternatively you can have your lawyer draft one that is custom made.
