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 Cook Illinois Agreement for Sale of Growing Crops After Severed from Realty is a legal document used in the state of Illinois for the transfer of ownership and sale of crops that have been severed from the land they were originally grown on. This agreement is designed to protect the rights and interests of both the seller and the buyer in such transactions. Keywords: Cook Illinois, Agreement for Sale, Growing Crops, Severed from Realty, Legal document, Transfer of ownership, Sale, Rights, Interests, Seller, Buyer, Transactions. There are two main types of Cook Illinois Agreement for Sale of Growing Crops After Severed from Realty: 1. Cash Sale Agreement: This type of agreement involves the immediate transfer of ownership and sale of the growing crops for an agreed-upon cash price. The seller receives the full payment upon signing the agreement, while the buyer assumes all rights and responsibilities associated with the crops after they are severed from the land. 2. Crop Share Agreement: In this type of agreement, the ownership and sale of the growing crops are divided between the seller and the buyer based on a predetermined share. The seller and buyer agree on a percentage of the crops' value that each party will receive upon the sale. This type of agreement is commonly used when the buyer provides labor and equipment for the cultivation and harvesting of the crops. Both types of agreements specify the details of the transaction, including the specific type of crops being sold, the quantity or estimated yield, the payment terms, and any additional conditions or provisions agreed upon by both parties. The agreements also outline the rights and responsibilities of each party regarding the crops, including considerations for maintenance, risks, and liability. It is essential to consult with a legal professional familiar with the Cook Illinois Agreement for Sale of Growing Crops After Severed from Realty to ensure that the document accurately reflects the intentions of both parties and complies with all relevant laws and regulations.The Cook Illinois Agreement for Sale of Growing Crops After Severed from Realty is a legal document used in the state of Illinois for the transfer of ownership and sale of crops that have been severed from the land they were originally grown on. This agreement is designed to protect the rights and interests of both the seller and the buyer in such transactions. Keywords: Cook Illinois, Agreement for Sale, Growing Crops, Severed from Realty, Legal document, Transfer of ownership, Sale, Rights, Interests, Seller, Buyer, Transactions. There are two main types of Cook Illinois Agreement for Sale of Growing Crops After Severed from Realty: 1. Cash Sale Agreement: This type of agreement involves the immediate transfer of ownership and sale of the growing crops for an agreed-upon cash price. The seller receives the full payment upon signing the agreement, while the buyer assumes all rights and responsibilities associated with the crops after they are severed from the land. 2. Crop Share Agreement: In this type of agreement, the ownership and sale of the growing crops are divided between the seller and the buyer based on a predetermined share. The seller and buyer agree on a percentage of the crops' value that each party will receive upon the sale. This type of agreement is commonly used when the buyer provides labor and equipment for the cultivation and harvesting of the crops. Both types of agreements specify the details of the transaction, including the specific type of crops being sold, the quantity or estimated yield, the payment terms, and any additional conditions or provisions agreed upon by both parties. The agreements also outline the rights and responsibilities of each party regarding the crops, including considerations for maintenance, risks, and liability. It is essential to consult with a legal professional familiar with the Cook Illinois Agreement for Sale of Growing Crops After Severed from Realty to ensure that the document accurately reflects the intentions of both parties and complies with all relevant laws and regulations.
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.
