One key to the outcome of contract negotiation is the relative bargaining positions of the parties. A party with vastly superior bargaining power -- for example, a landlord operating during a housing shortage or an employer that is hiring during a recession -- doesn't have to negotiate. Instead, these heavy hitters often present a contract and tell the weaker party to "take it or leave it." In cases of contracts of adhesion -- form contracts that can't be negotiated -- this can sometimes backfire, because the less-advantaged party may later argue that a provision is unfair or unconscionable.
For starters, foals must be registered with the Jockey Club a year after its date of birth, and it must be DNA-tested to prove its parentage. An important restriction in this process is that the foal must be the product of natural pregnancy and birth – this means that horses born by artificial insemination or embryo transfer cannot be registered. Furthermore, a registered foal must be named by February of its second year, or else face a late fee. The owner must provide at least six name samples, which the Jockey Club will scrutinize and ultimately decide which to use.