The Equine Lease Agreement is essential for parties entering into horse leasing arrangements in Saudi Arabia, whether for recreational, sporting, or breeding purposes. This document is crucial when a horse owner wishes to grant temporary usage rights to another party while retaining ownership, common in situations involving competition horses, breeding stock, or recreational equestrian activities. The agreement must comply with both Saudi Arabian civil law and Sharia principles, particularly regarding financial arrangements and animal welfare. It includes detailed provisions for horse care, maintenance responsibilities, payment structures, insurance requirements, and dispute resolution mechanisms. The document is particularly important in Saudi Arabia's growing equestrian sector, where horse leasing has become increasingly common for both professional and recreational purposes.
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1. Parties: Identification of the lessor (owner) and lessee, including full legal names, addresses, and contact information
2. Background: Context of the agreement and brief description of the purpose of the lease
3. Definitions: Key terms used throughout the agreement, including technical equine terminology
4. Horse Description: Detailed description of the horse including name, registration number, breed, color, markings, age, and any distinguishing features
5. Term and Termination: Duration of the lease, commencement date, end date, and conditions for early termination
6. Lease Payments: Payment terms, amounts, payment schedule, and method of payment, ensuring compliance with Sharia principles
7. Care and Maintenance: Responsibilities for the horse's care, feeding, housing, and exercise requirements
8. Veterinary Care: Arrangements for routine and emergency veterinary care, including cost allocation
9. Insurance Requirements: Required insurance coverage for the horse and liability insurance requirements
10. Use Restrictions: Permitted uses of the horse and any specific restrictions
11. Risk and Liability: Allocation of risk and liability between parties
12. Default and Remedies: Events constituting default and available remedies
13. Governing Law: Specification of Saudi law as governing law and compliance with Sharia principles
14. Dispute Resolution: Process for resolving disputes, including Saudi court jurisdiction or arbitration procedures
1. Competition Rights: Terms regarding participation in competitions and allocation of prizes/earnings
2. Breeding Rights: Terms regarding breeding privileges and ownership of offspring
3. Transportation: Responsibilities and arrangements for transportation of the horse
4. Sub-leasing: Whether and under what conditions sub-leasing is permitted
5. Purchase Option: Option for lessee to purchase the horse during or after the lease term
6. Training Provisions: Specific arrangements for professional training of the horse
7. Emergency Contact Protocol: Detailed procedures for emergency situations
8. Tack and Equipment: Provisions regarding use and ownership of equipment
1. Schedule 1 - Horse Details: Comprehensive details of the horse including photographs, markings diagram, and registration documents
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates and amounts
3. Schedule 3 - Care Requirements: Specific feeding, exercise, and care requirements for the horse
4. Schedule 4 - Insurance Certificates: Copies of required insurance policies and certificates
5. Schedule 5 - Veterinary Records: Current veterinary records, vaccination history, and health certificates
6. Schedule 6 - Condition Report: Initial condition report of the horse at commencement of lease
7. Appendix A - Permitted Users: List of individuals authorized to handle or ride the horse
8. Appendix B - Facility Requirements: Specifications for stabling and care facilities
Relevant legal definitions
Clauses
Relevant Industries
Equestrian Sports
Agriculture & Livestock
Sports & Recreation
Leisure & Entertainment
Animal Husbandry
Professional Sports
Veterinary Services
Insurance
Legal Services
Relevant Teams
Legal
Compliance
Risk Management
Operations
Facilities Management
Animal Care
Sports Management
Contract Administration
Insurance
Veterinary Services
Relevant Roles
Legal Counsel
Equestrian Facility Manager
Stable Manager
Veterinarian
Insurance Underwriter
Equine Business Manager
Professional Horse Trainer
Compliance Officer
Risk Manager
Contract Administrator
Agricultural Business Manager
Sports Facility Director
Equestrian Program Coordinator
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