Question:

What's the deal with these 'sales contracts' I see everywhere?

Answer:

Sales contracts are a seller's way of protecting themselves and the horses they sell. Usually, they will outline some guidelines you are expected to adhere to if you wish to purchase the horse, like offering the seller first buy-back rights, or guaranteeing that the horse will only be shown in the discipline stated. Generally, violation of a contract will result in the seller reclaiming the horse from you with no refund, so make sure you read them carefully and take them seriously.