Nuts and bolts

Contract essentials

While the exact wording may differ, the following items should be covered in all timber sale contracts. Please click "Explain" to see a full explanation of that particular contract term.

(1) Agreement entered into this __________ day of ________________ , 20_____, between ____________________ of ____________________ hereinafter called the seller, and ____________________ of ____________________ hereinafter called the buyer.

(2) This agreement shall be governed by the laws of the State of______________.

(3) The seller, having the right to sell, agrees to sell to the buyer, who agrees to buy upon the conditions hereinafter stated all timber that has been designated as follows: _____________________________ and owned by the seller on the following described tract of land:
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________

(4) Seller is the legal owner of said timber and warrants the title to the timber hereby conveyed against the lawful claims of all third parties.

(5) The purchaser agrees to pay the seller (use a or b):
a. the total sum of _________ dollars ($) for said timber.

b. The following price for each unit of timber stumpage removed:____________ per_______ for_______.

(6) A down payment of shall be made to the seller upon execution of this contract.

(7) Method and time of payment shall be as follows: ___________________________________________________________

(8) All timber marked or products included in this contract, until paid for in full, shall remain as the property of the seller