[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-282974-105":53,"doc-detail-282974-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","co-ownership-agreement-legal-terms-and-administration","Co-Ownership Agreement - Legal Terms and Administration","","Co-Ownership Agreement template outlining how multiple parties hold shared ownership of a racehorse, define ownership percentages, and specify operational roles. It establishes an Administrative Manager responsible for communication and coordination of boarding, training, racing, maintenance, and related administration, and a Trainer with day-to-day authority under voting and consent rules. The agreement governs purse and award income distribution, expense allocation and invoicing timing, remedies for nonpayment, restrictions on personal expenses, trophies allocation, and adoption of racing colors, with risk and legal disclaimer language included.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/co-ownership-agreement-legal-terms-and-administration/282974/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/co-ownership-agreement-legal-terms-and-administration/282974.png","ImageObject",442,249,{"name":88,"@type":89},"Miles","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-11-03","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",13,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What roles are created by the agreement for managing the co-owned racehorse?","Question",{"text":109,"@type":110},"The agreement appoints an Administrative Manager to keep Co-Owners informed and coordinate matters related to the horse’s care and racing activities. It also determines a Trainer with general day-to-day authority over boarding, training, racing, and upkeep subject to consent and voting requirements.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How are purses, awards, and net income distributed among Co-Owners?",{"text":114,"@type":110},"All purses and awards are treated as income to the Co-Owners. After applicable Co-Ownership expenses are deducted, net income is distributed by the Administrative Manager on a monthly basis, with allowances for future expenses.",{"name":116,"@type":107,"acceptedAnswer":117},"How are expenses handled and what happens if a Co-Owner does not pay invoices on time?",{"text":118,"@type":110},"Expenses for management, maintenance, and upkeep are borne by each Co-Owner according to percentage ownership. The Administrative Manager invoices Co-Owners as needed, and each Co-Owner must pay within seven days; if not paid timely, other Co-Owners may collect or pay and reduce the defaulting Co-Owner’s interest proportionately.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},282974,1790211438,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":76},13056703019404,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","DISCLAIMER  \nThis form is provided by way of example only, and is not intended to replace or supplant advice from an attorney, and does not create any relationship between TOBA, its counsel, and any individual or entity using the form. This form is provided without any warranty, express or implied, as to its legal effect or completeness. IN NO EVENT SHALL TOBA OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS. All individuals or entities entering a Co-Ownership agreement proceed at their own risk, and should consult an attorney.  \nCO-OWNERSHIP AGREEMENT  \nTHIS CO-OWNERSHIP AGREEMENT is made and entered into as of the   day of   20  , by and between   [Name],    [Address];   [Name],    [Address]; and   [Name],    [Address] (the above referenced parties being hereafter referred to collectively as \"Co-Owners\" or separately as \"Co-Owner\") .  \nW I T N E S S E T H:  \nWHEREAS, that certain unnamed thoroughbred   [colt/filly/mare/horse, hereinafter in this form,“Colt”] (  ) [year] by   out of   by   [colt/filly/mare/horse] was purchased by   at   for the purchase price of   ($ 00), said purchase having been made by   as agent for the above specified Co-Owners;  \nWHEREAS, the parties hereto desire to express their agreement in regard to CoOwnership of the Colt in accordance with the terms and conditions hereinafter stated.  \nNOW, THEREFORE, in consideration of the mutual covenants of the parties hereto, it is hereby agreed as follows:  \n1.  OWNERSHIP INTERESTS. The Colt shall be owned in Co-Ownership in the following percentages:  \n    %  \n    %  \n    %  \n2.  STABLE NAME. The Colt will race in the stable name of   , or such other stable name as a majority in interest of the Co-Owners shall designate. Racing rules vary from state to state and the Co-Owners shall cooperate, including execution of racing leases when reasonably necessary to comply with racing rules.  \n3. ADMINISTRATIVE MANAGER.   is appointed and shall serve as Administrative Manager for the Co-Ownership. As Administrative Manager,   will keep the Co-Owners informed regarding matters relating to the boarding, training, racing, maintenance and upkeep of the Colt and shall communicate with Co-Owners regarding such matters and other matters about which Co-Owners may inquire from time to time.  \n4.  TRAINER. The Co-Owners have determined that the Colt shall be trained by   and the trainer shall have general day to day authority concerning all matters relating to the boarding, training, racing, maintenance and upkeep of the Colt, including discretion to enter the Colt in such races as the trainer deems appropriate; provided, however, the Colt shall not be entered in a claiming race except with consent of a minimum of a 50% in interest decision of the Co-Owners. Provided, further, the trainer may be removed at such time as a vote of the Co-Owners shall determine with the further requirement, however, that such vote include the name of the trainer to succeed in training the Colt, assuming the Colt is still racing.  \n5.  PURSES AND AWARDS. All purses and awards earned by the Colt shall be income to the Co-Owners and, after deduction for expenses applicable to the Co-Ownership, the  \nnet income shall be distributed by the Administrative Manager to the Co-Owners on a monthly basis. It is further understood that the Administrative Manager may retain reasonable amounts in order to meet future expenses of the Co-Ownership.  \n6. EXPENSES. The expenses for management, maintenance and upkeep of the Colt, including, but not limited to, all expenses incurred for board, training, transportation, racing, veterinary treatment, farriers, grooms, equipment and any and all other expenses arising from or incident to the maintenance and upkeep of the Colt shall be borne by each of the CoOwners in accordance with their perce","cbCainBbYzpAvk64","https://ap.wps.com/l/cbCainBbYzpAvk64","pdf",121674,8,"English","# Co-Ownership Agreement\n## Ownership Interests\n## Stable Name\n## Administrative Manager\n## Trainer\n## Purses and Awards\n## Expenses\n## Trophies\n## Racing Colors\n## Ownership Rights and Obligations; No Partnership","[{\"question\":\"What roles are created by the agreement for managing the co-owned racehorse?\",\"answer\":\"The agreement appoints an Administrative Manager to keep Co-Owners informed and coordinate matters related to the horse’s care and racing activities. It also determines a Trainer with general day-to-day authority over boarding, training, racing, and upkeep subject to consent and voting requirements.\"},{\"question\":\"How are purses, awards, and net income distributed among Co-Owners?\",\"answer\":\"All purses and awards are treated as income to the Co-Owners. After applicable Co-Ownership expenses are deducted, net income is distributed by the Administrative Manager on a monthly basis, with allowances for future expenses.\"},{\"question\":\"How are expenses handled and what happens if a Co-Owner does not pay invoices on time?\",\"answer\":\"Expenses for management, maintenance, and upkeep are borne by each Co-Owner according to percentage ownership. The Administrative Manager invoices Co-Owners as needed, and each Co-Owner must pay within seven days; if not paid timely, other Co-Owners may collect or pay and reduce the defaulting Co-Owner’s interest proportionately.\"}]","Co-Ownership Agreement - Legal Terms and Administration | PDF",1789586465]