In this episode of On the Rail Podcast, hosts Jenna and Liz engage with Megan Rechberg, a part-time litigation attorney and equine law specialist, to explore critical legal and ethical aspects of the horse industry. The discussion covers Megan's unique background, the essential role of contracts in equine transactions, and actionable advice for managing expectations and risks. The episode also addresses the impact of social media and AI on horse marketing, emphasizing the importance of transparency, proper representation, and effective communication to avoid legal issues and foster positive relationships within the industry. Practical guidance on maintaining integrity while leveraging technology is also shared. Related Links/Products Mentioned: -Amateur Arena is conducting an anonymous survey for amateur exhibitors. Take the survey here. 00:00 Welcome and Housekeeping 01:52 Introducing Megan Reckberg 02:43 Megan's Journey: From Riding to Law 06:39 Equine Law Essentials 12:57 The Importance of Contracts in the Horse World 25:57 Common Pitfalls and Solutions 27:48 Managing Expectations with Contracts 40:46 Risk Management in Horse Transactions 48:54 Financial Penalties in Contracts 49:15 Guarantees in Sales Contracts 50:06 Importance of Strong Contracts 50:44 Contracts in Horse Relationships 52:08 How to Get Out of Contracts 53:48 Training and Board Agreements 54:04 Handling Equipment in Trainer Breakups 01:00:53 Enforceability of Contracts 01:11:33 Social Media and Legal Implications 01:21:22 Future Trends in the Horse Industry 01:26:39 Conclusion and Contact Information