5. Risk of Loss. Indicate when the buyer assumes responsibility for the horse`s injury or death, the injuries it caused and its care. As a rule, the risk of loss is transferred either when the contract is signed or when the buyer takes possession, but it is important to agree on the details. Equus Legal`s horse purchase agreement is a complete horse contract. The horse contract contains the following conditions: Equus` legal horse purchase contracts protect both the buyer and seller of a horse or pony. A horse purchase agreement is recommended for both parties and is preferably designed by a horse lawyer to ensure an efficient horse purchase transaction. A riding contract with a horse passport and a veterinary history helps the buyer of a horse. The purchase of a horse with all riding papers is always advisable. 2. Identify the horse.