Excerpt from the March issue of Heels Down Magazine.
When someone is selling a horse, particularly a companion horse or a senior horse, they commonly include a “right of first refusal” clause in their sale contract.
How enforceable is this clause? A right of first refusal essentially means that if the new owner wants to sell/give away the horse, they have to offer the horse to the person who sold them the horse. Concerns about the ability to enforce this are well-placed, however, if drafted correctly, the clause can act as a way of deterring the new owner from breaking that stipulation.
Of course, it is always best to hire an equine law attorney if you are unsure of how to draft a right of first refusal clause, but in the event that you do not want to spend the money on an attorney, you can always Google a sale contract with a right of first refusal.