Medallion Stallion

2010 Fall Festival - October 1-3, 2010
until the show!
Auction Rules

Stallion Service Auction

General Rules

  • Stallion services will be donated for the Stallion Service Auction by members of the MAHB, Inc. Eligible stallions must be owned by or sponsored by members in good standing of the MAHB, Inc.
  • The Stallion Service Auction will be held at the annual Fall Festival.
  • Mares must be nominated to the Stallin Service Auction Jackpot Futurity no later than December 31st of the year she is bred. Nomination forms will be mailed to the purchaser no later than November of the year of the breeding. There is no nomination fee. The breeding must be used in the season following purchase in order to qualifiy for the Jackpot futirity.
  • The only foals eligible for the Jackpot Futurity will be the results of the stallion services purchased at the Stallion Auction.
  • The foals wlil be shown at the Fall Festival of the yearling year.
  • The colts and fillies will be divided into separate groups. Colts and gelding will be shown in the same class.
  • 40% of the auction proceeds will be set aside in a Futurity Fund to be divided equally between colts and fillies.
  • Prize money breakdown in each class is:
    1st - 47-1/2%
    2nd - 20%
    3rd - 15%
    4th - 10%
    5th - 7-1/2%
  • There will be at least a two judge system
Purchaser hereby agrees to be responsible for compliance with the requirements as set forth in the breeding contract attached hereto including, but not limited to health papers, vaccinations, normal care fees, and miscellaneous charges listed below.

Purchaser further agrees that a nonrefundable down payment of FIFTY PERCENT (50%) OF THE PURCHASE PRICE IS PAYABLE AT TIME OF SIGNING OF THE CONTRACT, balance is due and payable to Minnesota Arabian Horse Breeders, Inc. (known as MAHB, Inc.) prior to time of service of mare, or April 1 of breeding year," whichever date is earlier

Purchaser agrees to pay the bid price in full on this date, or on the terms provided in this contract and to execute a promissory note to MAHB, Inc. for the remaining balance due.

It is further agreed that at time of full payment of the breeding fee, a certificate, signed by the MAHB, Inc. will be mailed to the last known address of the Purchaser and Stallion Owner. Prior to breeding a mare or shipment of semen, the certificate should be presented or full payment of the breeding fee verified by the treasurer of MAHB, Inc.

In the event the stallion owner by reason of death or injury of the stallion is unable to fulfill this agreement, the breeding deposit will be refunded without interest, unless frozen semen is available.

The stallion may be relocated within the United States or Canada before or during the 2006 breeding season. Breeding costs, including but not limited to transportation, board, handling, shipping and foaling fees are subject to change and are the buyer’s responsibility.

If the stallion is relocated outside the United States or Canada, the breeding deposit may be refunded, without interest, to the Purchaser upon MAHB, Inc. board approval.

It is further agreed that the breeding herein purchased is subject to the rules and regulations of the Auction Futurity sponsored by the MAHB, Inc. and that in the event Purchaser fails to comply with the terms and conditions of this sale or the rules and regulations of the Auction Futurity, MAHB Inc. May retain the down payment as liquidated damages and declare the contract void, or at its option, may without further notice sue for specific performance of contract.

If Purchaser defaults in the payment of the balance due under the term of this contract, stallion owner may complete the Purchaser’s performance of contract by payment of the balance, if any, due hereunder the MAHB, Inc. and shall then be entitled to utilize said breeding without any further obligations to Purchaser.

In consideration of being permitted to participate in the Auction Futurity conducted by MAHB, Inc. purchaser for themselves, their spouse, legal representative, heirs and assigns, hereby releases, waives, discharges, and indemnifies MAHB, Inc., its officers, directors, members, employees from all liabilities to Purchaser, their spouse, legal representative, heirs and assigns, for any or all loss or damage past, present or future resolving therefrom, on account of their purchase of this Stallion Service at the MAHB, Inc. 2005 Stallion Service Auction.

Venu for any action respecting this Agreement shall be in Blue Earth County, State of Minnesota, County of Registered Office of MAHB, Inc.