Sample Contracts For Timber Sales In South Carolina With Football Teams
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FAQ
A typical timber sale contract usually contains the following: a description of the timber to be sold (estimated volume, number of trees and species), which timber will and will not be cut, the selling price (either lump sum or unit price), terms of payment, the location and boundaries of the sale, and time allowed to
ascut contract is also referred to as a "disposal with an economic interest retained" or a Section 631(b) transaction. Economic interest is retained by the landowner because they are paid only for the timber that is actually cut, and as such is dependent on the cutting to realize an economic return.
Logging contractor means a person who contracts for the cutting of timber, the hauling of logs or the skidding of logs, purchases timber to cut, or sells unmanufactured forest products.
Lump-sum sales are the simplest way to sell timber. Typically, the sale is put up for bid and each potential buyer submits an offer for the designated timber. Lump-sum sales require buyers to have accurate volume estimates by species and product type to establish their bid.