SALE CONTRACT

SALE CONTRACT FOR SALE CHAMPIONS ONLINE AUCTION
Auctioneer: Tommy Williams, Licensed Tennessee Auctioneer
Principal: Sale Champions (A Division of [Insert Legal Entity Name])

PARTIES
Seller: [Full Legal Name], residing at [Address] (“Seller”).
Buyer: [Full Legal Name/Bidder Number], residing at [Address] (“Buyer”).
Auctioneer: Tommy Williams, acting as agent for Sale Champions, licensed under Tennessee Auctioneer License #[Insert Number].

1. AUCTION DETAILS

Sale Date: [Insert Auction Date(s)]
Horse Description:
- Registered Name: [Insert Name]
- Registration Number: [Insert Number]
- Age: [Insert Age]
- Color/Markings: [Insert Details]
Auction Platform: [Website URL]

2. TERMS OF SALE

By entering this contract, Seller and Buyer agree to the following:

A. Seller’s Agreement

Authority to Sell: Seller grants Tommy Williams, Auctioneer, exclusive authority to act as their agent in the sale of the above-described horse.
Reserve/No Reserve: ☐ Reserve Price: $[Amount] | ☐ No Reserve (Absolute Auction).
Health & Soundness:
- Seller warrants the horse is sound at time of sale, with no known vices, unsoundness, or chronic conditions unless disclosed in writing.
- Seller provides current negative Coggins test (dated within 12 months) and health/vaccination records.
Title & Ownership: Seller warrants clear, unencumbered title to the horse.

B. Buyer’s Agreement

Binding Bid: All bids are final and legally binding. Winning bidder agrees to pay the full bid price plus applicable taxes.
Payment: Buyer must remit full payment within 48 hours of auction close via [Insert Payment Methods].
Risk of Loss: Risk transfers to Buyer upon payment in full.

3. AUCTIONEER’S ROLE

Tommy Williams, as licensed auctioneer, acts as agent for both Seller and Buyer to facilitate a fair transaction.
Auctioneer reserves the right to reject bids, settle disputes, or withdraw horses for misrepresentation.

4. COMMISSION & FEES

Seller Commission: Sale Champions deducts 10% commission from the final sale price.
- Example: Sale price = $10, 000 \to S e ll errece i v es$ 9,000.
No Buyer’s Premium: Buyer pays only the bid amount.
No Upfront Fees: Seller pays $0 to list the horse.

5. DISPUTE RESOLUTION

Mediation/Arbitration: Disputes shall be resolved via mediation in [County, Tennessee]. If unresolved, binding arbitration applies.
Governing Law: Tennessee law governs this contract.

6. LIABILITY RELEASE

As-Is Sale: Buyer acknowledges purchasing the horse “as-is” with all faults. Seller and Auctioneer disclaim implied warranties (including merchantability/fitness).
Indemnification: Buyer agrees to indemnify Seller and Auctioneer against claims arising post-sale.

7. SIGNATURES

Seller: ___________________________
Printed Name: ________________________
Date: _______________________________

Auctioneer (Tommy Williams): ___________________________
Date: _______________________________

Buyer: ___________________________
Printed Name: ________________________
Date: _______________________________

NOTES:

Seller must provide all required documentation (health records, Coggins) prior to auction.
Non-payment by Buyer may result in legal action or relisting of the horse.
This contract supersedes all prior agreements.

Contact:
Sale Champions | [Phone] | [Email] | [Address]
Tommy Williams, Auctioneer | [Auctioneer License Number]

This contract template is a general guide. Consult a Tennessee-licensed attorney for legal review.

Key Clauses Highlighted for Sale Champions: