Down payment agreement Horse Template - Word/PDF/Excel

Down payment agreement for Hästköp - Template

Product description

Buying or selling a horse is a significant and often complex process. To ensure that the transaction goes smoothly and that both parties are protected, it is important to have a carefully drafted down payment agreement. Our document template for down payment agreements for horse purchases is designed to meet the requirements of Swedish legislation and offers a comprehensive solution for both buyers and sellers.

What is a Down Payment Agreement?

A down payment agreement is an advance agreement where the buyer pays part of the purchase price in advance, often called a down payment. This amount serves as a guarantee that the purchase will be completed. If the contract is terminated due to specific, agreed circumstances, the down payment is returned to the buyer.

Contents of the Down Payment Agreement

1. Parties

• Seller: Name, address, social security number, telephone number and e-mail.
• Buyer: Name, address, social security number, telephone number and e-mail.

2. The Horse's Description

• Name, date of birth, race, sex, colour, ID/chip number and other information.

3. Down payment

• Specified amount, date of payment and conditions for refund if the horse is not approved during veterinary inspection or the purchase is not completed.

4. Purchase price

• Total purchase price, deduction for down payment, remaining amount and date of final payment.

5. Access date

• Date when the buyer assumes responsibility and costs for the horse.

6. Veterinary inspection

• Date of inspection and inspection conditions.

7. Seller's Information and Warranties

• Detailed information about the horse and guarantees from the seller.

8. Liability and Risk

• Specifying that the buyer assumes all responsibility from the date of access.

9. Other Terms

• Any other conditions that the parties agree on.

10. Signatures

• Signatures of both parties with date and place.

Important Legal Aspects

The Consumer Purchase Act: If the seller is a trader and the buyer is a consumer, the Consumer Purchase Act applies. This means that the seller has a six-month burden of proof that any errors did not exist at the time of purchase.

Refund of Down Payment: It is important to specify the circumstances under which the down payment must be returned, for example if the horse does not pass the veterinary inspection.

Seller's Warranties: The seller should provide detailed information about the horse's condition and any damage history to avoid future disputes.

Use and Benefits

Using our horse purchase down payment agreement template offers several advantages:

• Legally Correct: The template is designed according to current Swedish legislation and provides a clear framework for the transaction.
• Complete and Adaptable: Contains all necessary parts and can be easily adapted to specific needs.
• Protects Both Parties: Clarifies rights and obligations for both buyers and sellers, reducing the risk of future disputes.
• Instant Download: Available for instant download in both Word and PDF formats, making it easy to use and modify.

Laws and Regulations

To ensure that the down payment agreement complies with Swedish legislation, it is important to know and include the relevant laws:

• The Purchase Act (1990:931): Regulates purchases between two private individuals or between two traders.
• The Consumer Purchase Act (1990:932): Applies when a trader sells to a consumer and gives the consumer special rights.
• The Contracts Act (1915:218): Regulates how contracts are entered into and what is required for a contract to be valid.

Common questions

How much should the down payment be? The size of the down payment varies but often makes up around 10% of the purchase price. It is important that both parties agree on the amount and that this is specified in the agreement.

What happens if the purchase is not completed? If the purchase is not completed due to specific, agreed circumstances, such as the horse not passing the veterinary inspection, the down payment must be returned to the buyer.

Can the down payment be refunded? Yes, the down payment can be refunded if the purchase is not completed due to circumstances specified in the agreement, for example the horse not being approved during a veterinary inspection.

Is this agreement legally binding? Yes, once both parties have signed the agreement, it is legally binding and the parties are bound to abide by the terms and conditions stated.

Do I need a lawyer to draw up the agreement? Although the template is designed to be easy to use, it may be beneficial to consult a lawyer to ensure that all specific needs and circumstances are covered.

Tips for Buyers and Sellers

For Buyers:

• Insist on a veterinary inspection before purchase.
• Read and understand all warranties and disclosures provided by the seller.
• Make sure all important terms are included in the agreement.

Salesman:

• Provide as detailed information as possible about the horse's condition and history.
• Clearly specify the circumstances under which the down payment must be repaid.
• Be aware of your obligations under the Consumer Purchase Act if you are selling to a consumer.

With our down payment agreement template for horse purchases, you can feel confident that your transaction is done correctly and fairly. The template is immediately available for download in both Word and PDF formats, making it easy to customize to your specific needs.