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 New Mexico Agreement for Sale of Growing Crops After Severed from Realty is a legal contract that governs the sale or transfer of crops that have been severed or separated from the real property they were originally attached to. This agreement is used in situations where the crops, such as fruits, vegetables, or other agricultural products, are sold separately from the land or property they were grown on. The purpose of this agreement is to outline the terms and conditions of the sale, including the rights and obligations of both the seller, who owns the crops, and the buyer, who wishes to purchase them. It ensures that both parties are clear on the transaction details, including the quantity, quality, and price of the crops, as well as any specific conditions or requirements that need to be met. Different types of New Mexico Agreement for Sale of Growing Crops After Severed from Realty may include: 1. Standard Agreement: This is the most common type of agreement used for the sale of severed crops in New Mexico. It covers all the essential elements, such as the identification of the parties involved, description of the crops, purchase price, payment terms, warranties, and remedies for non-compliance. 2. Installment Sale Agreement: This type of agreement allows the buyer to pay for the crops in installments over a specified period. It includes provisions related to the payment schedule, default conditions, and remedies in case of non-payment. 3. Bulk Sale Agreement: This agreement is used when a large quantity of crops is being sold in bulk. It includes additional provisions related to the measurement or weighing of the crops, storage, and transportation arrangements. 4. Consignment Agreement: In this type of agreement, the seller (consignor) delivers the crops to a third party (consignee) for sale on their behalf. The agreement specifies the terms of the consignment, including the commission or fee payable to the consignee, the duration of the consignment, and any specific marketing or sales obligations. When drafting or reviewing a New Mexico Agreement for Sale of Growing Crops After Severed from Realty, it is essential to ensure that the agreement complies with all relevant state laws and regulations. It is advisable to seek legal advice to ensure that the agreement adequately protects the interests of both parties and promotes a fair and transparent transaction.
