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Where the stables also house a riding school or hireling operation, some operators may also offer a "working livery" (UK) or "partial lease" (US), where the horse owner pays a discounted rate (or no money at all) for their own horse's care in return for the riding school being able to offer the horse to paying customers other than the owner.
Agistment originally referred specifically to the proceeds of pasturage in the king's forests in England, but now means either: [2] the contract for taking in and feeding horses or cattle on pasture land, for the consideration of a periodic payment of money; the profit derived from such pasturing.
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 ...
A formal contract is a contract where the parties have signed under seal, while an informal contract [1] is one not under seal. A seal can be any impression made upon the document by the parties to the contract. This was traditionally done in wax stating the intentions of the parties to be bound by the contract.
A Thoroughbred horse stud farm, Murrurundi, New South Wales. A stud farm or stud in animal husbandry is an establishment for selective breeding of livestock.The word "stud" comes from the Old English stod meaning "herd of horses, place where horses are kept for breeding". [1]
The verb to husband, meaning "to manage carefully", derives from an older meaning of husband, which in the 14th century referred to the ownership and care of a household or farm, but today means the "control or judicious use of resources", and in agriculture, the cultivation of plants or animals. [1]
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