The Uniform Commercial Code (UCC) has been adopted in whole or in part by the legislatures of all 50 states.
Section 2-107 classifies items to be severed from realty and growing crops, or timber to be cut, in terms of whether the items constitute goods that may be made the subject of a sale and whether a transaction concerning them is a sale before severance. The section provides that certain attached and embedded things are "goods" when they are to be severed by the seller. This category consists of minerals in the ground, including oil and gas, and structures on land. Also treated as goods are: (1) standing timber; (2) growing crops; and (3) any other thing attached to land, provided it can be removed without causing material harm to the land.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Louisiana Agreement for Sale of Growing Crops After Severed from Realty is a legal document that outlines the terms and conditions for the sale of crops that have been severed from the real estate property they were originally grown on. This agreement is essential in situations where a farmer or landowner wishes to sell the growing crops before they are harvested, while still ensuring the rights and responsibilities of both parties are protected. In such an agreement, several essential elements are typically included: 1. Parties involved: The agreement identifies the parties involved in the transaction, including the seller (the landowner or farmer) and the buyer (the individual or entity purchasing the crops). 2. Description of the crops: A detailed description of the growing crops to be sold is included, outlining the type of crop, quantity, location, and any specific conditions or restrictions. 3. Purchase price and payment terms: The agreement states the agreed-upon purchase price for the crops, as well as the payment terms, which may include installment payments, down payment, or other arrangements. 4. Delivery and acceptance: The agreement specifies the method of delivery for the crops, which may involve the buyer arranging for transportation or the seller providing it. It also outlines the process of acceptance and any inspections that might be conducted upon delivery. 5. Risk of loss: This provision addresses which party bears the risk of loss or damage to the crops during the period between the agreement's execution and the actual transfer of possession. 6. Title and ownership: The agreement confirms that the seller has legal ownership and title to the crops and has the right to sell them without any encumbrances or third-party claims. 7. Representations and warranties: The agreement often includes representations and warranties by both parties, such as the seller representing that the crops are grown in compliance with applicable laws and regulations, and the buyer warranting that they have the legal capacity to purchase and take possession of the crops. 8. Indemnification and liability: Clauses addressing indemnification and liability may be included, obligating one party to compensate the other for any losses, damages, or claims arising out of the agreement. 9. Governing law and jurisdiction: The agreement specifies the governing law (Louisiana state law) and the agreed-upon jurisdiction for resolving any disputes that may arise from the agreement. Different types of Louisiana Agreements for Sale of Growing Crops After Severed from Realty may exist depending on specific circumstances or parties involved. However, the essential elements discussed above typically apply across various types of these agreements. It's important to consult with legal professionals or review specific templates for the precise terms and formalities required in a particular situation.The Louisiana Agreement for Sale of Growing Crops After Severed from Realty is a legal document that outlines the terms and conditions for the sale of crops that have been severed from the real estate property they were originally grown on. This agreement is essential in situations where a farmer or landowner wishes to sell the growing crops before they are harvested, while still ensuring the rights and responsibilities of both parties are protected. In such an agreement, several essential elements are typically included: 1. Parties involved: The agreement identifies the parties involved in the transaction, including the seller (the landowner or farmer) and the buyer (the individual or entity purchasing the crops). 2. Description of the crops: A detailed description of the growing crops to be sold is included, outlining the type of crop, quantity, location, and any specific conditions or restrictions. 3. Purchase price and payment terms: The agreement states the agreed-upon purchase price for the crops, as well as the payment terms, which may include installment payments, down payment, or other arrangements. 4. Delivery and acceptance: The agreement specifies the method of delivery for the crops, which may involve the buyer arranging for transportation or the seller providing it. It also outlines the process of acceptance and any inspections that might be conducted upon delivery. 5. Risk of loss: This provision addresses which party bears the risk of loss or damage to the crops during the period between the agreement's execution and the actual transfer of possession. 6. Title and ownership: The agreement confirms that the seller has legal ownership and title to the crops and has the right to sell them without any encumbrances or third-party claims. 7. Representations and warranties: The agreement often includes representations and warranties by both parties, such as the seller representing that the crops are grown in compliance with applicable laws and regulations, and the buyer warranting that they have the legal capacity to purchase and take possession of the crops. 8. Indemnification and liability: Clauses addressing indemnification and liability may be included, obligating one party to compensate the other for any losses, damages, or claims arising out of the agreement. 9. Governing law and jurisdiction: The agreement specifies the governing law (Louisiana state law) and the agreed-upon jurisdiction for resolving any disputes that may arise from the agreement. Different types of Louisiana Agreements for Sale of Growing Crops After Severed from Realty may exist depending on specific circumstances or parties involved. However, the essential elements discussed above typically apply across various types of these agreements. It's important to consult with legal professionals or review specific templates for the precise terms and formalities required in a particular situation.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
