In the past, horse business transactions often relied on handshake agreements. Today, written contracts are increasingly common for buying and selling horses, as well as for services like training, leasing, breeding, and boarding. Contracts provide clarity and legal protection for all parties involved. As contracts become more prevalent in the horse industry, it’s important for horse owners and horse business owners to understand the basics of contract law. This guide will explain the key elements of a contract, offer tips for drafting horse-related contracts, and cover the common breeding contract.