As in many other sectors, those working in bloodstock have become more aware of the commercial opportunities surrounding the sport and have sought to capitalise on this.
We regularly advise owners and trainers on the appropriate legal vehicle for starting up in business, on partnerships and joint ventures, and on business acquisitions, mergers and disposals of assets.
A person seeking sponsorship must comply with a British Horseracing Authority code of conduct and those who comply with Customs and Excise requirements can also recover VAT. We have advised, negotiated and drafted agreements relating to sponsorship of Trainers, Owners, and Jockeys, as well as retainer contracts.
We also have considerable experience of dealing with the various agreements relating to racehorse training and ownership. Joint ownership can take many forms, and we have extensive experience of acting for racing partnerships and clubs, including advising on company formations. A well drafted commercial training agreement clarifies rights and obligations at the outset of a relationship and can help prevent later disputes.
Debt Collection
All trainers have to deal with the question of bad and doubtful debts from time to time. Bad payers cost time, as well as money. We provide a swift and effective debt recovery service and are familiar with the arguments used by debtors. In addition, we can help you avoid such problems in the first place by using appropriate training agreements.
