Horse Co-Ownership Forms

Attorney-drafted equine legal forms based on decades of equine-law experience.

Buy our Horse Co-Ownership Form

Sharing ownership of a horse can make the costs of buying, training, and competing far more manageable, but it also means two or more people share every decision along the way.

Our attorney-drafted horse co-ownership agreement puts the terms in writing before questions come up, covering each owner’s percentage of ownership, how purchase price and ongoing expenses like board, training, and veterinary care are divided, and who has authority over day-to-day decisions. The agreement also addresses riding and use schedules, how winnings, breeding fees, or sale proceeds are split, and what happens if one owner wants out, including buyout terms and the process for selling the horse. Whether you’re partnering on a show prospect, a racehorse, or a family horse, a clear co-ownership contract protects both your investment and your partnership.

Horse Partnership Terms

Horse Ownership & Partnership Interest

The horse owner agrees to accept all risks associated with loading, hauling and unloading, including injury and death. If the horse owner doesn’t provide leg wraps and other protective gear, the horse owner agrees to accept the increased risk of injury.

If the horse being hauled injures another horse or person, the horse owner agrees to defend the hauler against legal claims.

  • Whether the horse will be bred during the partnership and, if so, who will have breeding rights, be entitled to proceeds from breeding and own any offspring resulting from the breeding.
  • How the horse will be cared for and who will pay for it, including emergency and routine vet care, farrier care, medication and supplements and alternative treatments such as chiropractic and acupuncture.
  • Whether the horse can be ridden for recreational purposes during the partnership and, if so, by whom, when and in what activities. Includes optional specifications for tack and equipment, jumping restrictions and protective gear.
  • Provisions for insuring horse, including who will be named insureds and who will pay for the insurance.
  • Provisions for reimbursement of expenses among the equine partners.

  • Provisions for selling the horse, including when it will be offered for sale, who will be responsible for marketing and selling the horse and how proceeds will be distributed.
  • Provisions for restrictions on transfer of ownership interests, including what happens if a party wants to leave the co-ownership.
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Liability Release for Co-Owners of Horse

  • Upon signing agreement, each co-owner assumes risk of loss of or injury to horse.
  • Each co-owner assumes risk of death or injury to self in connection with horse.
  • Each co-owner agrees to wear certain safety attire when riding and handling horse and assumes risks associated with not wearing it.

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Document Formats

  • Fillable PDF, allowing you to type in information on your computer, then print out and save the filled-in document.
  • Designated space at the top of each page for your business name (optional).
  • PDFs are accessible with Adobe Acrobat Reader software, a free product. To make sure you can take advantage of all features, especially the fillable, savable features, update your Adobe Acrobat Reader software before downloading our equine forms.

Purpose and Intended Use

Additional Information