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Auction Time! Your Rights and Obligations as a Buyer

The auction season kicks off once again with the new year. With one click of a button or one hand in the air, you become the proud owner of a new foal, horse, or embryo. Auctions remain a staple of our industry, but the speed of (digital) bidding brings specific legal ground rules. Those who think they are buying with the same protection as a regular purchase often find themselves disappointed. In auction purchases, the buyer carries significantly more obligations.

 

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