On the average a racing horse should spend at least 6 months in training (by that time his knees will be closed), before we start to increase the speed from a working gallop, and at least 10 months before he runs his first race.
A legally binding contract is a contract agreement that is valid under state and federal contract laws.Legally bindingâ means that the parties must obey the terms written in the contract and perform their contract duties as stated. Failure to do so may result in legal consequences, such as a damages award.
A legal contract is binding. If you break the contract without  having the legal right to do so as set in the terms of the contract  or by having the contract declared void â¦by a court, the other party  has the right to sue you in order to be compensated for the value  of the contract.