Commercial contracts bind two or more parties to the terms of the agreement. However, for a variety of reasons, parties sometimes seek to terminate such contracts early. A party who terminates a commercial contract early often faces penalties. However, depending on the situation, it may be possible to terminate a commercial...
A joint venture is a type of business arrangement in which two parties or more make an agreement to pool their resources to accomplish a specific task. Each of the parties in a joint venture is responsible for the costs, profits, and losses of the project. However, a joint venture is considered...
As a horse owner, you understand that your horse requires regular medical care. Most equine veterinarians do a great job at caring for horses. However, everyone makes mistakes, including veterinarians. And, unfortunately, mistakes made by veterinarians can have serious consequences. In this article, we discuss proving veterinarian malpractice in an equine dispute.
Regardless of the reason for a horse purchase, one thing is for sure: a horse is a major investment. Therefore, when selling a horse, sellers are required to disclose certain information. This serves to protect both the seller and buyer. In this article, we discuss equine health disclosures in horse sales.
A buy-sell agreement is a document that reallocates the ownership of a business if one or more specified events occur. This type of agreement is commonly used when the owner of a business no longer wishes to own the business or is no longer capable of doing so. A buy-sell agreement can...
Whether those involved realize it or not, many relationships in the equine industry are partnerships. In most states, including Florida, the intention to conduct business together for profit is enough to create a partnership. In this article, we examine partnerships in the equine industry.
Examples of Equine Partnerships
In Florida, a breach of contract takes place when one party to a contract fails to perform one or more contractual obligations. A breach of contract can occur between individuals or business entities. Often, a breach of contract leaves the non-breaching party in a difficult position, and it may result in...
An important decision to make when operating an equine venture is which business structure to use. There are several things to consider when choosing a business structure for your equine venture, including number of owners, control, liability, and other factors. In this article, we discuss how to choose the right business structure...
As a business owner, it is important to take steps to protect your organization from liability. Unfortunately, however, legal disputes sometimes arise despite your best efforts. And when this happens, you may require the assistance of expert witnesses to strengthen your case. In this article, we discuss the role of expert witnesses...
Horse leasing is common in the equine community, and it can provide benefits both to lessees and lessors. For a horse lessee, leasing is often a more affordable choice than purchasing and caring for a horse. In addition, leasing can allow a lessee to “test run” horse ownership without having to make...
