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Yes, I'll provide the stud, (Chip, since Moses is no longer available)
I'd have the litters born and raised to 8 weeks of age here.
I'll do the marketing, vet care, and work involved in each litter.
He'd provide the girls which are already tested... we'd both keep full ownership of the dogs we bring to the table and any related expenses in maintaining them.
I guess it's similar to using an outside stud, only I'd be using the females.
The difference of course is that Id have his females here for about 10 weeks out of each year... one for breeding, one prior to delivery, and 8 for the pups to mature.
His knowledge of genetics and experience with labs of course has value... My ability to do the marketing and whelping that he doesn't want to do are a major plus to him.
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Would it be fair for you to put a dollar amount on costs? I know that I factor stud fees and the depreciation on my brood bitch (purchase price plus health testing) into the expense on each litter, yet you are going to have some heavy lifting on raising pups and vet bills, especially the neutering. Maybe you should add the costs and agree on a fair percentage based on the ratio of money that each of you puts into the litter. His expertise and your time are perhaps a wash? Or does your marketing savvy equal his genetic knowledge? I'd want to arrange a keeper girl or two for yourself, for sure, so agree on a fair price for that up front.
It's been noted that you sometimes want to keep two, so you don't set your breeding program back a couple of years if your first choice busts her health testing.