Contract for stallion loan

[Ozalynda]

I am looking for a little help brainstorming a contract for the loan of a stallion.

I have a two year old colt who is breeding quality. I also have his sire. I am competing on the sire, but do not have the bandwidth to also promote the colt as he should be.

I have the opportunity to send him on more or less permanent loan to a situation where he will be used in performance and promoted but I retain ownership. Now I need to work out the nuts and bolts of the arrangement so it is fair to everyone.
Please comment on the following aspects with the consideration that the colt will functionally belong to the new “owner” while I retain the breeding rights, aside from his own mares who he will be allowed to cover at no expense:

Expense of daily upkeep
Vet expenses
Mortality insurance
Health insurance
Income from outside breedings (I assume he will charge mare board)
Transport expenses (2200 km/1350 miles) from A to B
Transport expenses from B to A in the event that he returns home
any other details that should be covered in a contract...

Thanks so much for your help. I know the value of a good contract.

[clanter]

Personal liability coverage for you? Since the horse would be in your name if any one was hurt/injured by the horse you could be in the liability stream

[exvet]

I recommend detailing who makes what decisions and where full ownership remains should your colt become incapacitated or unable to breed for any reason. Put in writing who and how his breeding book will be handled and managed going forward from test breedings to breeding during competition season as well as number of mares, etc. Address the handling and cost of storage of frozen straws if you decide to collect and freeze. Marketing costs should also be addressed and detailed. Can the other party choose to lease the stallion out for riding/competition purposes? Those are just a few things that come to mind.

[CobJockey]

Are you me? I did exactly this with a two year old colt a couple of years ago, and it worked out wonderfully for both myself and the leaser. In addition to everything stated above, my contract stated she was not allowed to collect and keep (or sell) any frozen.

[Bluey]

Consider future amendments to contract, length and reasons and ways to rescind contract if necessary.

If the horse is part of a registry, JC, AQHA, Arabian, etc. also ask fhe registry for ideas for contracts and their registry’s requirements, including who all will sign to register any offspring, etc.