Document background
The Equine Lease Agreement is essential for formalizing temporary horse custody arrangements in Nigeria, providing legal protection for both owners and lessees. This document is commonly used when horse owners wish to maintain ownership while allowing others to use their horses for specific purposes such as riding, training, or competition. It addresses key aspects including payment terms, maintenance responsibilities, insurance requirements, and liability allocation, all within the framework of Nigerian law. The agreement is particularly important given the significant investment that horses represent and the need to clearly define care standards and risk management. It incorporates provisions that comply with Nigerian contract law, animal welfare regulations, and relevant agricultural statutes, making it suitable for both private and commercial arrangements.
