TERMS AND CONDITIONS

1. Fees collected in the Southern Futurity Stallion Auction, (SFSA), will be paid out in the 3-Year-Old Open and Non-Pro stallion auction classes of the 2021 Southern Cutting Horse Futurity, (SCHF). 3% of the winning bids will be retained for operating purposes
2. A stallion’s 3-Year-Olds are eligible only if the donated breeding service is purchased.
3. Stallions can be nominated starting now. None will be accepted after Jan. 17, 2021. They will be added to the auction website
   as nominated.
4. Minimum bid is 50% of SCHF/SFSA Advertised Breeding Fee
5. Bids will increase in minimum increments of $50.00 beginning with the opening bid.
6. Bids are binding. Once submitted you bid becomes a binding contract and promise to pay. Bids may not be retracted once
   submitted.
7. Winning bidder for each breeding must pay with a credit card to SCHF/SFSA or have check payment to the SCHF no later than
   Feb. 10, 2021.
8. Online auction dates are November 1, 2020 - Jan. 31, 2021 ending at 6:00 PM CST sharp. The stallion owner/donor reserves
   the right to bid on his own behalf.
9. The bid fee does not include mare care, chute fees or veterinary care during breeding. Contact breeding facility for current costs.
10. Stallion services purchased through the SCHF stallion auction are intended for the same years breeding season only.
11. The purpose of the program is to create and incentive fund for all 3 year old foals by subscribed stallions entered in the SCHF and enhance availability of premiere cutting stallions in the southern cutting industry. In view of this purpose, there will be no refund of winning bids for any reason. After bidding has been completed, any transaction dealing with the breeding will be solely between the stallion owner and the mare owner. It will in no way involve the SCHF or SFSA. Submitting a contract indicates acceptance of the foregoing statement.

Southern Cutting Horse Stallion Auction