Timber Sales Guide.pdf

A timber sales agreement should be a written, legally binding contract that protects all parties involved, including the buyer and seller. It should include provisions such as identification of parties, payment terms, description of timber sold, care of property, arbitration, guarantee of ownership, right of ingress and egress, and method of harvest. The agreement should be specific and detailed to prevent misunderstandings and disputes, and should include provisions for damage compensation, repair, and payment. A well-written contract can save time and money, and preserve goodwill between parties. Key elements to include are:

Identification of all parties involved
Payment terms, including method and timing of payment
Description of timber to be sold, including location and volume
Care of property, including protection of improvements and residual timber
Arbitration procedures for settling disputes
Guarantee of ownership and title search
Right of ingress and egress, including access roads and rehabilitation
Method of harvest, including planning, layout, and best management practices.