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 Franklin Ohio Agreement for Sale of Growing Crops After Severed from Realty is a legal document that encompasses the terms and conditions for the sale of crops that have been harvested or severed from a property. This agreement defines the rights and responsibilities of both the buyer and the seller in the transaction. Keywords: Franklin Ohio Agreement, Sale of Growing Crops, Severed from Realty, Legal Document, Terms and Conditions, Buyer, Seller, Transaction. There are two common types of Franklin Ohio Agreement for Sale of Growing Crops After Severed from Realty: 1. Cash Sale Agreement: The Cash Sale Agreement is a type of Franklin Ohio Agreement where the transfer of the growing crops is done through a direct payment for the crops at the time of the sale. This agreement specifies the quantity, quality, and price of the crops, along with any other agreed-upon terms between the buyer and seller. Keywords: Cash Sale Agreement, Direct Payment, Quantity, Quality, Price, Terms. 2. Crop Share Agreement: The Crop Share Agreement is another type of Franklin Ohio Agreement that involves the division of the crops between the buyer and the seller based on a predetermined ratio or percentage. This agreement outlines the responsibilities of both parties regarding the costs of production, maintenance, and selling of the crops. Keywords: Crop Share Agreement, Division, Predetermined Ratio, Percentage, Responsibilities, Costs, Production, Maintenance, Selling. In both types of agreements, it is crucial to include certain clauses such as: — Description of the crops: Clearly define the type, estimated quantity, and condition of the crops being sold. — Price and Payment Terms: Specify the agreed-upon price per unit or the crop share ratio, as well as the terms of payment and any related conditions. — Transfer of Ownership: Establish the exact moment when the ownership of the crops is transferred from the seller to the buyer. — Condition of the Property: Specify the condition in which the property should be maintained until the crops are harvested or severed. — Insurance and Liability: Determine the responsibility for insuring the crops and handling any potential damages or losses during the transition. — Dispute Resolution: Establish a procedure for resolving any disagreements that may arise during the transaction. These detailed agreements protect both parties involved and ensure a smooth and fair deal when selling crops severed from the realty in Franklin Ohio.The Franklin Ohio Agreement for Sale of Growing Crops After Severed from Realty is a legal document that encompasses the terms and conditions for the sale of crops that have been harvested or severed from a property. This agreement defines the rights and responsibilities of both the buyer and the seller in the transaction. Keywords: Franklin Ohio Agreement, Sale of Growing Crops, Severed from Realty, Legal Document, Terms and Conditions, Buyer, Seller, Transaction. There are two common types of Franklin Ohio Agreement for Sale of Growing Crops After Severed from Realty: 1. Cash Sale Agreement: The Cash Sale Agreement is a type of Franklin Ohio Agreement where the transfer of the growing crops is done through a direct payment for the crops at the time of the sale. This agreement specifies the quantity, quality, and price of the crops, along with any other agreed-upon terms between the buyer and seller. Keywords: Cash Sale Agreement, Direct Payment, Quantity, Quality, Price, Terms. 2. Crop Share Agreement: The Crop Share Agreement is another type of Franklin Ohio Agreement that involves the division of the crops between the buyer and the seller based on a predetermined ratio or percentage. This agreement outlines the responsibilities of both parties regarding the costs of production, maintenance, and selling of the crops. Keywords: Crop Share Agreement, Division, Predetermined Ratio, Percentage, Responsibilities, Costs, Production, Maintenance, Selling. In both types of agreements, it is crucial to include certain clauses such as: — Description of the crops: Clearly define the type, estimated quantity, and condition of the crops being sold. — Price and Payment Terms: Specify the agreed-upon price per unit or the crop share ratio, as well as the terms of payment and any related conditions. — Transfer of Ownership: Establish the exact moment when the ownership of the crops is transferred from the seller to the buyer. — Condition of the Property: Specify the condition in which the property should be maintained until the crops are harvested or severed. — Insurance and Liability: Determine the responsibility for insuring the crops and handling any potential damages or losses during the transition. — Dispute Resolution: Establish a procedure for resolving any disagreements that may arise during the transaction. These detailed agreements protect both parties involved and ensure a smooth and fair deal when selling crops severed from the realty in Franklin Ohio.
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.
