Document background
The Horse Purchase Contract With Payments is designed for transactions in the Philippines where a buyer wishes to purchase a horse through installment payments rather than a single lump sum. This document is particularly relevant for both private individuals and commercial entities involved in equestrian activities, horse breeding, or racing. It ensures compliance with Philippine regulations including the Civil Code, Animal Welfare Act, and livestock trading requirements. The contract includes crucial elements such as horse identification, health documentation, payment terms, care obligations, and ownership transfer conditions. It's commonly used in situations where financing is needed for high-value horses or when sellers prefer structured payment arrangements to ensure buyer commitment and horse welfare.
