Extension
Date of this Version
1977
Abstract
A good contract protects both seller and buyer from legal problems arising from the harvest and sale of standing timber.
A timber sale contract is a legally binding written document governing the terms of a timber sale. A good contract protects both seller and buyer from legal problems arising from the harvest and sale of standing timber.
Timber has historically been sold under gentlemen's agreements. These verbal agreements have caused seller and buyer dissatisfaction and loss of trust. A contract clarifies the obligations of both parties prior to timber harvest.
Comments
© 1977, The Board of Regents of the University of Nebraska on behalf of the University of Nebraska–Lincoln Extension. All rights reserved.