I’m a real estate guy and I know the language… I’m about to sell some timber and didn’t think about the possibility of the buyer flipping his contract. Now I know. Thanks!
Non assignment clauses are common and standard for all types of obligations and to not include in any contract is foolish. Preformance standards should also be a part of timber agreements specifying time to complete removal of unused debris stumpage etc. and regrading and finishing standards of harvest plot as a min. to protect all parties. Ray
I am a forester myself and have seen other foresters not take this into account, I’ve seen jobs being flipped even when through a forester If the contract wasn’t done right.
Hi, what kind of a lawyer looks over these contracts and how much is a usual price to pay a lawyer to do so? I got an offer from a timberman. I told him that I want to see the full insurance policy, so that I'm covered ,and every person on my property is covered from the purchaser. The timberman never wrote back. I was told they hire anyone to do the work and if they get hurt and the one who you have the contract with, doesn't have correct insurance you can loose your land and more from a multi million dollar lawsuit.
Yeah you definitely want proof of insurance. If you work with a consulting forester they should have the appropriate contracts, otherwise any attorney should be able to look at it but they aren’t cheap.
I’m a real estate guy and I know the language… I’m about to sell some timber and didn’t think about the possibility of the buyer flipping his contract. Now I know. Thanks!
Non assignment clauses are common and standard for all types of obligations and to not include in any contract is foolish. Preformance standards should also be a part of timber agreements specifying time to complete removal of unused debris stumpage etc. and regrading and finishing standards of harvest plot as a min. to protect all parties. Ray
There is another option, you can hire a consulting forester to market, sell, and supervise the harvesting of your timber.
I am a forester myself and have seen other foresters not take this into account, I’ve seen jobs being flipped even when through a forester If the contract wasn’t done right.
We hired forester and she kinda disappeared after the sale. After she was paid by me. They should not get paid until logging is completed.
Good info. I just signed a contract today LOL. I should of thought of that before......
I hope things go well for you!
@@treestandforestry I did take your advise and hired a forester with a good reputation with the local loggers. Thank you!
Awesome, glad to hear it!
Hi, what kind of a lawyer looks over these contracts and how much is a usual price to pay a lawyer to do so? I got an offer from a timberman. I told him that I want to see the full insurance policy, so that I'm covered ,and every person on my property is covered from the purchaser. The timberman never wrote back. I was told they hire anyone to do the work and if they get hurt and the one who you have the contract with, doesn't have correct insurance you can loose your land and more from a multi million dollar lawsuit.
Yeah you definitely want proof of insurance.
If you work with a consulting forester they should have the appropriate contracts, otherwise any attorney should be able to look at it but they aren’t cheap.
i had one logger out so far and he said he wants to bring in another logger, whats that about?
Not sure, is it a partner of his or is it someone he wants to re sell it to?