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.
Title: Understanding the North Carolina Agreement for Sale of Growing Crops After Severed from Realty Introduction: In North Carolina, the Agreement for Sale of Growing Crops After Severed from Realty is a legal contract that governs the sale and transfer of ownership rights to crops, such as fruits, vegetables, or grains, which have been severed from the land. This agreement holds great significance for both buyers and sellers involved in the agricultural industry or for those who invest in crop production. Let's delve into the details of this agreement, its purpose, and potential variations. Key Features: 1. Ownership Transfer: The primary purpose of the North Carolina Agreement for Sale of Growing Crops After Severed from Realty is to facilitate the transfer of ownership of crops from the seller to the buyer once they are severed from the land. The agreement clearly lays out the terms and conditions for this transfer, including the type and quantity of crops, specific pricing, and date of delivery. 2. Parties Involved: The agreement typically involves two parties: the seller, who owns or operates the land, and the buyer, who purchases the crops. Both parties must be identified with accurate contact information to ensure clarity and legal enforceability. 3. Crop Clauses: The agreement should include specific details about the crops being sold, including the crop type, variety, quality standards, and any certifications required. This ensures that both parties are on the same page regarding the crops involved. 4. Pricing and Payment Terms: The agreement should outline the total price and any additional costs associated with the sale of crops. The pricing structure could include fixed prices, variable prices based on market conditions, or a combination of both. Payment terms, including due dates and methods of payment, need to be clearly defined to avoid any disputes. 5. Delivery and Inspection: The agreement should address the logistics of crop delivery, including the location and timing. It is crucial to include provisions for crop inspections, allowing the buyer to examine the quality of the crops before finalizing the transaction. Types of North Carolina Agreements for Sale of Growing Crops After Severed from Realty: 1. Single Sale Agreement: This standard agreement involves a one-time transfer of ownership of a specific crop batch. It is commonly used for smaller-scale transactions or when the seller wishes to sell crops from a single harvest. 2. Long-term Sale Agreement: This type of agreement is suitable when the buyer and seller engage in ongoing business relationships. It allows for the sale of crops severed from the realty on a regular basis, such as monthly or quarterly, over an extended period. This type of agreement provides stability and convenience for both parties involved. 3. Multi-party Agreement: In some cases, the agreement may involve multiple parties, such as brokers, agents, or intermediaries. This type of agreement clearly identifies the roles and responsibilities of each party, ensuring a transparent and efficient transaction process. Conclusion: The North Carolina Agreement for Sale of Growing Crops After Severed from Realty serves as a crucial tool for establishing a legally binding contract between crop sellers and buyers. It protects the interests of both parties and helps facilitate smooth transfers of ownership rights. By understanding its key features and potential variations, individuals and businesses can engage in the buying and selling of crops with confidence, fostering a thriving agricultural industry in North Carolina.
