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A stalking horse offer, agreement, or bid is a bid for a bankrupt firm or its assets that is arranged in advance of an auction to act, in effect, as a reserve bid. [ 1 ] [ 2 ] The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction .
Live foal guarantee is a common provision in horse breeding contracts. It is a form of a warranty offered to the mare owner by the stallion owner. Basically, it says that if the mare fails to produce a live foal from the breeding, the stallion owner will breed the same mare again without charging another stud fee. Therefore, the stud fee is ...
In contract law, a contract of sale, sales contract, sales order, or contract for sale [1] is a legal contract for the purchase of assets (goods or property) by a buyer (or purchaser) from a seller (or vendor) for an agreed upon value in money (or money equivalent).
[[Category:Horse racing templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Horse racing templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
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A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
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Horses consigned to the sale are not "wild" horses or Mustangs which, under the Wild and Free-Roaming Horses and Burros Act of 1971, cannot be sold. Rather, consignments are horses selectively bred as bucking stock, excess or unsalable young horses from large ranches and spoiled riding horses that have become particularly adept at bucking off ...
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