Equine Law Frequently Asked Questions

A steady horse to win

Regard Law Group, PLLC are located in Lexington, Kentucky—the Horse Capital of the World—for a reason.  Fully entrenched in the horse industry and knowledgeable of equine law, the firm is ideally situated to help clients with every aspect of horse law, from sales to sports, contracts to cruelty charges.  Call 859-559-4573 or contact the firm online to schedule a free initial consultation on your case.

Should I form a syndicate?

When multiple investors share the cost and business risk of owning a horse, these investors have formed a syndicate. Pooling your money with other potential buyers allows you to invest in a higher bred horse, maximizing the potential return on your investment while sharing the overall cost of ownership.  Syndication does not provide the same tax advantages as in the 1980s—due to IRS tax revisions—but specific tax laws apply.

Forming a syndicate requires written contracts and a strong business plan.  For the specifics, contact skilled equine attorney, businessman, and tax expert Andre Regard for a free consultation on your syndicate issue.

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How do I know if my horse deal is lawful?

Kentucky law requires that written contracts accompany all horse transactions over $10,000.  When any legal matter includes a contract, it is best to have an attorney review it before signing, and horse purchase, sale, or trade is no different.

If you have already completed a horse transaction and question its legal validity, note that fraud charges require high-level proof of clear and convincing evidence that misrepresentation occurred.  This evidence most likely includes a confession by the party who committed the fraud or explicit statement of fraud.  If fraud is proven, you may be entitled to punitive damages as well as the direct costs of the fraudulent deal.

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What if I have been cheated on a horse sale?

If you feel you were deceived by the buyer or seller in a horse transaction, contact an equine lawyer immediately.  Regard Law Group, PLLC in Lexington, KY offer a free initial consultation, so there is no risk to see if you have a claim.

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How can I be sure I am purchasing the right horse?

There are precautions you can take to ensure that you purchase the horse that is right for you.

  • Find horses for sale by talking to other horse owners, trainers, vets, and horse brokers
  • Investigate the seller to be certain s/he is a trustworthy member of the horse industry
  • Request a trial period. During this time, take pictures, video, and notes on the animal's behavior and general demeanor and make sure the horse is a good match with its potential rider
  • Get a preliminary veterinarian exam
  • Consult a lawyer to discuss bill of sale, contract, and other legal documents

Not every seller in the horse industry is trustworthy.  Involvement of an equine lawyer is critical to the validity and fairness of your horse deal. Contact the Regard Law Group, PLLC to discuss your purchase or sale.

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Will my equine law case go to court?

Most equine law cases end up in court.  To prepare for this, be sure to hire an equine attorney with experience in civil litigation and experience in your local court system.  Attorneys of the Regard Law Group, PLLC have litigated numerous cases throughout central Kentucky.

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