- Agreement to Board. Farm will board such thoroughbred horses (hereinafter the “Horse(s)) owned by Owner as Owner shall deliver to Farm, subject to the terms of this Contract. Owner agrees to provide Farm with information concerning the Horses to be boarded using the Farm Thoroughbred Boarding Letter, a copy of which, is attached hereto as Exhibit “A” and incorporated herein by this reference.
- Board Rate. Owner agrees to pay the current full time daily board rate charged by the Farm for each Horse for as long as each Horse remains in Farm’s care and custody. The initial daily board rate charged is as set forth below. This rate may be changed upon one month’s written notice to Owner.
- $35.00 … Broodmares;
- $6.00 … Sucklings;
- $35.00 … Weanlings;
- $35.00 … Yearlings;
- $400.00 … Foaling Fee;
- $45.00 … Yearling Sales Preparation ($48.00 Last 30 days)
- $40.00 … Stall Rest/Lay Ups
In addition to the board rates as shown above, Owner agrees to pay all expenses incurred in the proper care and maintenance of each Horse, including but not limited to such veterinarian, feed supplements, blacksmith, transportation and advertising charges as may be incurred for each Horse.
Owner shall immediately deliver a photocopy of The Jockey Club Certificate for the Horse to Farm.
Board and other expenses will be charged to Owner as of the date each Horse arrives at Farm, or is weaned, or on which sales preparation commences.
- Billing. Farm shall furnish to Owner on a monthly basis a statement of the board and expenses incurred with respect to each Horse. Owner agrees to pay such statement within ten (10) days of the date of such statement. A one and one-half percent (1 ½%) per month interest and bookkeeping charge will be added to any sum that is not paid within thirty (30) days of billing date.
- Insurance. Owner is solely responsible for maintaining any and all insurance on each Horse. If the Horse is presently insured, Owner, upon delivery of said Horse, shall advise Farm, in writing, as to the name of such insurance company, type(s) of coverage, a telephone contact, and the insured amount. If the Horse is not presently insured, Owner shall immediately notify Farm in writing of insurance coverage later procured. If Owner fails to provide such information, Farm may assume that the Horse is uninsured.
- Risk of Loss, Release, Indemnity, and Warning. Farm shall not be liable for accident, injury, disease, theft or death of any Horse while in its custody. Owner will indemnify and hold harmless Farm for any accident, injury, disease, theft or death of any Horse.