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 Philadelphia Pennsylvania Agreement for Sale of Growing Crops After Severed from Realty is a legal document that outlines the terms and conditions for the sale of crops that have been severed or detached from the real estate property they were originally grown on. This agreement is specifically designed for transactions involving agriculture and is commonly used when the crops have significant value and need to be sold separately from the land. In this agreement, various key elements are included to ensure a smooth and well-defined transaction. These elements typically consist of: 1. Parties involved: The agreement identifies the parties involved in the transaction, including the seller (the current owner of the crops) and the purchaser (the individual or entity buying the crops). 2. Description of crops: A detailed description of the crops being sold is provided, including the type of crop, quantity, quality, and any specific identifying characteristics. This information helps to avoid any misunderstandings or disputes later on. 3. Price and payment terms: The agreement clearly states the agreed-upon price for the crops and the payment terms, such as the method of payment, payment schedule, and any applicable interest or penalties for late payment. 4. Delivery and possession: The agreement specifies how and when the crops will be delivered to the purchaser, as well as the transfer of possession. This may include details regarding transportation, packaging, and any necessary permits or inspections. 5. Risk of loss: The agreement addresses the risk of loss or damage to the crops during the period between the sale and delivery. It typically outlines which party assumes the risk and responsibility during this time, providing clarity in case of unforeseen events. 6. Representations and warranties: Both parties may include specific representations and warranties about the crops, such as their condition, quality, and compliance with relevant legal requirements. These assurances help to protect the interests of the purchaser and promote transparency. Types of Philadelphia Pennsylvania Agreement for Sale of Growing Crops After Severed from Realty: 1. Cash sale agreement: This type of agreement involves an immediate, lump-sum payment from the purchaser to the seller in exchange for the severed crops. 2. Installment sale agreement: In this arrangement, the purchase price is paid in multiple installments over a specified period. This type of agreement may be suitable if the purchaser requires more time to accumulate funds or prefers a staggered payment approach. 3. Crop share agreement: Instead of a fixed payment, this type of agreement involves the division of the harvested crops between the seller and purchaser according to a predetermined percentage or share. This arrangement allows both parties to share in the risks and rewards associated with crop production. In summary, the Philadelphia Pennsylvania Agreement for Sale of Growing Crops After Severed from Realty is a crucial legal document that facilitates the sale of crops detached from real estate. By addressing important aspects such as crop description, price, payment terms, delivery, risk allocation, and representations, this agreement ensures a fair and efficient transaction between the parties involved.The Philadelphia Pennsylvania Agreement for Sale of Growing Crops After Severed from Realty is a legal document that outlines the terms and conditions for the sale of crops that have been severed or detached from the real estate property they were originally grown on. This agreement is specifically designed for transactions involving agriculture and is commonly used when the crops have significant value and need to be sold separately from the land. In this agreement, various key elements are included to ensure a smooth and well-defined transaction. These elements typically consist of: 1. Parties involved: The agreement identifies the parties involved in the transaction, including the seller (the current owner of the crops) and the purchaser (the individual or entity buying the crops). 2. Description of crops: A detailed description of the crops being sold is provided, including the type of crop, quantity, quality, and any specific identifying characteristics. This information helps to avoid any misunderstandings or disputes later on. 3. Price and payment terms: The agreement clearly states the agreed-upon price for the crops and the payment terms, such as the method of payment, payment schedule, and any applicable interest or penalties for late payment. 4. Delivery and possession: The agreement specifies how and when the crops will be delivered to the purchaser, as well as the transfer of possession. This may include details regarding transportation, packaging, and any necessary permits or inspections. 5. Risk of loss: The agreement addresses the risk of loss or damage to the crops during the period between the sale and delivery. It typically outlines which party assumes the risk and responsibility during this time, providing clarity in case of unforeseen events. 6. Representations and warranties: Both parties may include specific representations and warranties about the crops, such as their condition, quality, and compliance with relevant legal requirements. These assurances help to protect the interests of the purchaser and promote transparency. Types of Philadelphia Pennsylvania Agreement for Sale of Growing Crops After Severed from Realty: 1. Cash sale agreement: This type of agreement involves an immediate, lump-sum payment from the purchaser to the seller in exchange for the severed crops. 2. Installment sale agreement: In this arrangement, the purchase price is paid in multiple installments over a specified period. This type of agreement may be suitable if the purchaser requires more time to accumulate funds or prefers a staggered payment approach. 3. Crop share agreement: Instead of a fixed payment, this type of agreement involves the division of the harvested crops between the seller and purchaser according to a predetermined percentage or share. This arrangement allows both parties to share in the risks and rewards associated with crop production. In summary, the Philadelphia Pennsylvania Agreement for Sale of Growing Crops After Severed from Realty is a crucial legal document that facilitates the sale of crops detached from real estate. By addressing important aspects such as crop description, price, payment terms, delivery, risk allocation, and representations, this agreement ensures a fair and efficient transaction between the parties involved.
