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Bulls are expensive to buy and they're expensive to keep. They work three months of the year, then spend the rest of the time lying around, tearing things up and eating expensive feed. And those are just a few reasons why a cattleman may choose to lease a bull. Oftentimes, these transactions are done on a handshake; however, getting the terms of the lease in writing can protect both parties, help articulate a clear agreement, and provide a roadmap for resolving disputes to preserve a business relationship. Here are some tips on what to include in a bull lease agreement:
Identify the bull(s)-The lease should be clear on which bull(s) are subject to the lease. If the bull is registered with a breed association, it is recommended to include the breed registration number and a copy of the registration paper as an addendum. Consider putting the approximate weight and body condition score of the bull at the time of the agreement; in some cases, the bull owner will include a photograph of the bull to illustrate his condition on or around the date of delivery.
Identify the cows: In most cases, bull leases should be clear on which females the bull will be bred to. In some instances, a detailed list of the cows, their identification numbers, dates of birth and breed may be attached as an addendum to the lease. This may be important for multiple reasons: (1) to show that the bull will not be overworked; (2) to demonstrate that the bull will or will not be used on virgin heifers or; (3) the bull will not be bred to unapproved cows owned by the breeder or third parties.
Bull use location(s): The bull lease should be clear where the bull will be housed. Will the bull be on pasture on the breeder's property? Will the bull transfer among three different properties owned or rented by the breeder?
Delivery: How is the bull being transported from the bull owner's property to the breeder's property? Who pays for the expense of the transportation and bears any risk of loss, injury or illness of the bull during the delivery time? Are there penalties for late delivery? Will the bull be transported to a bull stud...