About these documents
These are documents to govern the fractional (joint) ownership of a horse.
Who will use these documents?
- professional equestrian riders and trainers;
- individuals who want to ride but perhaps lack equestrian facilities;
- individuals with a view to making profit by putting their horse into competitions.
Which to use?
NZ-EQ006 is most suited to a situation where one party owns the majority of the horse and the other agrees to exercise and maintain it. For example, you might have a next door neighbour with extensive equestrian facilities who is willing to deal with the horse on a daily basis whilst you prefer to ride only at weekends.
NZ-EQ007 has been drafted specifically for parties who will enter competitions where there is a view to profit between the parties.
Both documents include provisions for:
· details of the parties;
· details of the horse;
· the essence of the agreement;
· legal ownership (either equal or in whatever proportions you decide);
· horse’s passport – who retains and ensures it is up to date;
· where the horse is to be kept and maintained;
· expenses – who pays for what;
· termination – under what circumstances;
· and many other provisions to protect your interest.
How they differ:
NZ-EQ006 includes provisions for ‘horse management’ – the practical issues such as who is to exercise the horse when and how, whether the parties can take riding lessons, transport of the horse and the horse trailer.
NZ-EQ007 includes provisions for ‘project management’ – including the duty of one party to compete in competitions, training, events, parties’ expectations and the progress of the horse. | 
