One Fine Acre - 2023 4H Steer Project Update

[Hens and Roos]

Thanks for explaining, especially the second part. I have heard of people selling bucks and putting restrictions on how the buck is used but really have no further details on what that all involves.

 

[OneFineAcre]

Thanks for explaining, especially the second part. I have heard of people selling bucks and putting restrictions on how the buck is used but really have no further details on what that all involves.

I know one breeder who writes a clause in his contracts when he sells a buck that gives him the right to purchase the buck back.

 

[Southern by choice]

I know one breeder who writes a clause in his contracts when he sells a buck that gives him the right to purchase the buck back.

We do a first right of refusal.
Not sure how legally one could just simply decide they could buy the buck back at anytime.

Interesting.

Cool you are going to AI.

 

[OneFineAcre]

We do a first right of refusal.
Not sure how legally one could just simply decide they could buy the buck back at anytime.

Interesting.

Cool you are going to AI.

Trust me
It's legal
Why would you think it isn't ?

 

[frustratedearthmother]

Ok, I'm confused too. Does it mean he can buy the buck back anytime he wants - or if/when the current owners decide to sell?

 

[Southern by choice]

Trust me
It's legal
Why would you think it isn't ?

Dealing with canine contracts and lawyers... maybe goats are different.

That is interesting.

 

[babsbag]

I am thinking that the breeder can buy it back if it is put up for sale, not at anytime the breeder wants it.

 

[frustratedearthmother]

That makes sense! When I was showing I would have considered that...but my "ahem" clientele these days makes me lean away from that. I don't take anything back once it leaves my place!

 

[OneFineAcre]

Dealing with canine contracts and lawyers... maybe goats are different.

That is interesting.

Definition from US Legal:

Buyback clause is a provision in a contract that allows the seller of property the right or opportunity to repurchase the property under stated conditions.

Two parties can agree to anything they want in a contract as long as it doesn't violate the law. Any animal is considered personal property.

And I think that his contract states that he has the "right" to purchase it back at his choice, not just the right of first refusal if the buyer decides to sell later, that would be an "opportunity" to repurchase

It all depends on whatever the "stated conditions" are.

 

[Latestarter]

<shrug> I personally would not agree to or sign a contract worded such. Just me...