Legal Blog
What the USEF’s Newly Formed Equine Transaction Transparency Task Force Means for Horse Sellers and Agents
In response to requests from its members, the United States Equestrian Federation recently formed a new task force to assess transparency in equine transactions and to present its findings to the Board of Directors together with recommendations for policy and rule change. While the USEF cautions that it does not intend to become involved with or regulate transactions, it does intend to make resources available so that those purchasing or leasing a horse can make a fully informed decision by understanding the relationship between the parties, the commissions and reasons for commissions, and state and federal laws applying to the transaction.
As the USEF moves towards rolling out these resources to the membership, sellers and agents in the industry need to prepare for transactions to involve greater scrutiny from the buyer’s side, and a court in the event a dispute arises. In our previous two-part article, we detailed the law governing transactions in Florida. With the winter circuits now over, it is critical that sellers and agents understand the laws that apply in the states where they will sell or lease horses and have compliant contracts prepared.
For more information on this topic or other legal matters please contact Karin Corbett, Esquire at kcorbett@offitkurman.com or 484-531-1702.
ABOUT KARIN CORBETT
Karin Corbett is a business attorney and litigator who effectively prevents, resolves and litigates legal disputes for businesses and individuals alike in a variety of industries; but her focus is primarily in the construction & real estate and equine industries.
As a construction and real estate attorney, Ms. Corbett negotiates contracts, analyzes and advises clients on all types of business matters, litigates contract claims.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 150 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our eleven offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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