Confidentiality: This issue of confidentiality should be discussed when negotiating a bull rental contract. If the parties have not yet signed a confidentiality agreement, do they want the terms of the bull leasing to be confidential? Will exceptions to this confidentiality apply and for how long should the confidentiality requirement apply? Guarantee/Guarantee: Does any of the parties have a guarantee or a guarantee? Perhaps the owner of the bulls wants to give the guarantee that the bull is of a particular breed and that it is free of genetic defects. Most racial associations have published online the genetic testing status of registered bulls, which can be added to the rental contract, showing that the bull is strain-free, tested without congenital or presumed genetic defects. I have a 2-year-old bull that we want to rent. The other person has 3 cows and 2 coloring. What is a reasonable tax, and is there a contract for loss or injury issues that you would recommend using? Dispute resolution: few bull leases deal with dispute resolution and should simply ask anyone involved in legal action. Litigation can be long and costly. The parties should consider a mediation clause requiring the parties to hire bulls to use an experienced agricultural mediator to facilitate the resolution of the dispute. If mediation is unnecessary, the parties should consider having a binding arbitration clause under the rules of the American Arbitration Association. Representations: Are parties facing the other side? For example, the bull owner could represent possession, race, family tree, expected progeny differences depending on racial association, genetic DNA markers, health, fertility and structural strength.
If the bull owner claims that the bull has tested positive for a genetic marker, the owner of the bulls should ensure that the rental contract recognizes that the genetic DNA tests are not 100% accurate and that the bull owner assumes no responsibility for a tester error. On the other hand, the breeder can align the health of his shepherd, the breed or age of the cows, certain nutritional programs and animal handling practices used in cattle farming with federal and national animal protection laws. Colorado State University has a useful fact sheet on this subject at: Leasing Arrangements for Cattle. See « Cash Leases for Bulls. » At least your situation is a little difficult, because the tenant has few cows. If the bull you have is not used in your plant during this period, it may not be a big problem. If you have other customers who could make full use of the bull, it may be necessary to make adjustments to account for your potential revenue loss.