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retaining semen interest
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<blockquote data-quote="Brandonm2" data-source="post: 266393" data-attributes="member: 2095"><p>I think that all that should be spelled out in the specific contract. He may just want a percentage of the NET IF one day you descide to market the semen. He may have a tank full of semen he has already collected and he wants the right to use all or a percentage of that in his own herd. I think these things are USUALLY a straight forward partnership agreement where the owner with full possession can use him naturally or show him and has to pay for all the upkeep; and all the partners pay into any collection and/or semen storage costs and then they split the net. Marketing is the big question I would want to ask about. If you run an ad about the bull in the breed magazine, does your ad expenses get paid BEFORE the semen split or does the semen partner get his percentage without any of YOUR advertising thrown in and vice versa. Can either party make the decision to collect the bull without input from the other party and then bill the partner for a percentage of the costs. Is his interest transferable? These questions OUGHT to be easily understandable from the contract itself. If they are not you might want an attorney to look over it. I think MOST of the time this is just a marketing gimic to make the buyer think the bull is worth more than he really is.....but then again bull syndicates are both a normal and established part of this business.</p></blockquote><p></p>
[QUOTE="Brandonm2, post: 266393, member: 2095"] I think that all that should be spelled out in the specific contract. He may just want a percentage of the NET IF one day you descide to market the semen. He may have a tank full of semen he has already collected and he wants the right to use all or a percentage of that in his own herd. I think these things are USUALLY a straight forward partnership agreement where the owner with full possession can use him naturally or show him and has to pay for all the upkeep; and all the partners pay into any collection and/or semen storage costs and then they split the net. Marketing is the big question I would want to ask about. If you run an ad about the bull in the breed magazine, does your ad expenses get paid BEFORE the semen split or does the semen partner get his percentage without any of YOUR advertising thrown in and vice versa. Can either party make the decision to collect the bull without input from the other party and then bill the partner for a percentage of the costs. Is his interest transferable? These questions OUGHT to be easily understandable from the contract itself. If they are not you might want an attorney to look over it. I think MOST of the time this is just a marketing gimic to make the buyer think the bull is worth more than he really is.....but then again bull syndicates are both a normal and established part of this business. [/QUOTE]
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