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 Ohio Agreement for Sale of Growing Crops After Severed from Realty Keywords: Ohio agreement for sale of growing crops, legal document, real estate, crops, farming, contractual obligations Introduction: The Ohio Agreement for Sale of Growing Crops After Severed from Realty is a legal document that governs the sale of agricultural crops that have been separated or severed from the land they were initially grown on. This agreement is relevant for individuals involved in farming or those who own agricultural property in Ohio. By entering into this agreement, both parties outline their rights, responsibilities, and obligations regarding the sale and transfer of these crops. Types of Ohio Agreement for Sale of Growing Crops After Severed from Realty: 1. Simple Agreement for Sale of Growing Crops: The Simple Agreement for Sale of Growing Crops is a commonly used template that outlines the basic terms and conditions for the sale of severed crops. It includes information about the buyer, seller, crop type, quantity, purchase price, and payment terms. 2. Fixed Price Agreement for Sale of Growing Crops: Under the Fixed Price Agreement for Sale of Growing Crops, the parties agree on a fixed price per unit or a lump sum amount before the crops are severed. This type of agreement provides clarity and certainty regarding the payment and avoids fluctuating crop prices during the sales period. 3. Percentage Share Agreement for Sale of Growing Crops: This type of agreement is commonly used when the buyer pays the seller a percentage of the total crop revenue after harvest. The percentage is usually predetermined based on various factors such as crop type, market conditions, expenses, and anticipated yield. Key Elements of the Agreement: — Identification and description of the parties involved (buyer and seller) — Detailed description of the crops to be sold, including crop type, quantity, and quality specifications — Price or payment terms and conditions, including any agreed-upon adjustments or methods of calculation — Responsibilities regarding maintenance, pest control, and other crop-related activities — Terms and conditions for delivery, transportation, and storage of the crops — Indication of any contingencies or conditions that may affect the sale or transfer of the crops — Allocation of risks and liabilities between the parties — Dispute resolution mechanisms, such as mediation or arbitration — Governing law anjurisdictionio— - Signatures of both parties, indicating their acceptance and commitment to the terms of the agreement Conclusion: The Ohio Agreement for Sale of Growing Crops After Severed from Realty is a crucial legal document that ensures a transparent and mutually beneficial transaction between the buyer and seller of severed agricultural crops. Whether it's a simple agreement, a fixed-price agreement, or a percentage share agreement, this document protects the rights and interests of both parties, providing clarity, certainty, and a framework for a successful crop sale transaction.Title: Understanding Ohio Agreement for Sale of Growing Crops After Severed from Realty Keywords: Ohio agreement for sale of growing crops, legal document, real estate, crops, farming, contractual obligations Introduction: The Ohio Agreement for Sale of Growing Crops After Severed from Realty is a legal document that governs the sale of agricultural crops that have been separated or severed from the land they were initially grown on. This agreement is relevant for individuals involved in farming or those who own agricultural property in Ohio. By entering into this agreement, both parties outline their rights, responsibilities, and obligations regarding the sale and transfer of these crops. Types of Ohio Agreement for Sale of Growing Crops After Severed from Realty: 1. Simple Agreement for Sale of Growing Crops: The Simple Agreement for Sale of Growing Crops is a commonly used template that outlines the basic terms and conditions for the sale of severed crops. It includes information about the buyer, seller, crop type, quantity, purchase price, and payment terms. 2. Fixed Price Agreement for Sale of Growing Crops: Under the Fixed Price Agreement for Sale of Growing Crops, the parties agree on a fixed price per unit or a lump sum amount before the crops are severed. This type of agreement provides clarity and certainty regarding the payment and avoids fluctuating crop prices during the sales period. 3. Percentage Share Agreement for Sale of Growing Crops: This type of agreement is commonly used when the buyer pays the seller a percentage of the total crop revenue after harvest. The percentage is usually predetermined based on various factors such as crop type, market conditions, expenses, and anticipated yield. Key Elements of the Agreement: — Identification and description of the parties involved (buyer and seller) — Detailed description of the crops to be sold, including crop type, quantity, and quality specifications — Price or payment terms and conditions, including any agreed-upon adjustments or methods of calculation — Responsibilities regarding maintenance, pest control, and other crop-related activities — Terms and conditions for delivery, transportation, and storage of the crops — Indication of any contingencies or conditions that may affect the sale or transfer of the crops — Allocation of risks and liabilities between the parties — Dispute resolution mechanisms, such as mediation or arbitration — Governing law anjurisdictionio— - Signatures of both parties, indicating their acceptance and commitment to the terms of the agreement Conclusion: The Ohio Agreement for Sale of Growing Crops After Severed from Realty is a crucial legal document that ensures a transparent and mutually beneficial transaction between the buyer and seller of severed agricultural crops. Whether it's a simple agreement, a fixed-price agreement, or a percentage share agreement, this document protects the rights and interests of both parties, providing clarity, certainty, and a framework for a successful crop sale transaction.
