Contract Basics
A written timber sale agreement or contract is generally the preferable and safest method of selling timber. A written contract is a legally binding document that protects both the buyer and the seller (the landowner) from misunderstandings that may develop in the absence of such an agreement. A contract will verify the seller’s ownership of the timber to be sold and the absence of liens or other liabilities. There is little legal recourse with verbal agreements. By negotiating a contract, both parties are likely to work out difficulties before they occur and be more pleased with the transaction.
Click on the video clip to hear Dr. Wayne Clatterbuck, forestry professor, explain the importance of timber contracts.
Please continue by clicking on "Next" below.
 previous |
