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Timber Purchase Agreement

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Sale Most of the wood marketed in New Hampshire is sold through sales of stumps that indicate the value of the trees as they are present in the forest or “on the stump”. Stumpage is the value associated with the wood at the stop. The stump values offered for a certain sale of wood at a given time depend on market conditions, the total volume of wood sales, the nature and quality of the demand sold, accessibility and the seller`s knowledge. Payment for stumbling blocks is usually done in one of two methods. Everyone has pros and cons. The items listed in the following standard wood sales contract should be taken into account by the seller when negotiating the terms of the contract. The first group of essential items should be included in all timber contracts. The second group, called Other Important Considerations, may be essential depending on individual circumstances. The points in the Special Provisions section may apply to specific conditions.

A written contract is required for the sale of wood, so that the buyer and seller have a clear understanding of the conditions under which the sale takes place. The purpose of a written contract is to establish a “meeting of minds.” It is a legally binding document that protects you and the buyer by listing the respective responsibilities. It should summarize all oral chords. It offers a roadmap for what you are trying to accomplish. All items in a wood sales contract are negotiable – there is no single contract form. In general, such a contract form is. However, many wood buyers have their own preferred form. As a general rule, such a contract is written to protect the buyer. It can protect the seller or not. As a result, buyers and sellers must negotiate certain conditions. 8. Security protocol: the buyer undertakes to keep a daily diary presented as Annex “B” at the disposal of the seller or agent and to keep it at all times on the harvest site.

The buyer numbers each load of wood one after the other, that is,; no charge has the same number. The loading number, type of forest product, destination, date and time of transport are recorded by the buyer in the logbook before each cargo leaves the seller`s property. After the return of the truck, the buyer will record the weight of the cargo and the ladder ticket number. The loading number is also printed on each ladder ticket and a copy of the ladder tickets is accompanied by payment each week. While the exact wording may vary, the following items should be included in all timber contracts. The sale of wood is a complex issue of knowing the markets, the value of the trees, the future tree potential, legislation, safety, adhesion, soil conditions and a large number of environmental factors. It can be a “once in a lifetime” event with long-term consequences for yourself and your country. (Note: for the purposes of this listing, the term “wood sales” includes the sale of other products such as firewood and biomass chips). The following example of a timber contract is used for educational purposes and reminds sellers of the importance of a legal contract for the sale of wood, a property when it is sold permanently. When you sell a valuable commodity like wood, you always know what you are selling and seek professional advice to ensure that you get fair market value, that you are improving the future state of your forests and that you have the right legal and tax advice to ensure that your tax bill is correct and that the appropriate safeguards are in place. In this section, certain specific provisions will be made available to landowners for their own situation. However, this list of special provisions may be longer than necessary.

The standard sales contract proposed in this newsletter is expressed by professional lay foresters.

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