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Originally Posted by Scav
It can be part of the contract also, "If for any reason you are unable to meet your obligations in regards to said horse, you will return said horse at no cost"
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That's a good suggestion. It's a very common contract insert in many purebred dog sales contracts, and it's rarely followed, and expensive to try and enforce in a court of law.
I get around it with my dogs by saying instead that at any time in the animals life, they return it no questions asked, I will refund the entire original purchase price. I got one dog back at 5 years of age, and I'm darn glad he came home to me and not off into the ether somewhere.
I never put that in the bill of sale for any of my own horses. I did go back after 10 years and try and find the horse I sold when going into vet school, and couldn't trace the horse. Wish I had put something like that in there, for that horse.
I think the only way to really ensure you will ever get back an animal you have sold is to always be the highest bidder.