Oklahoma Forest Products Sale Contract - Timber
Understanding this form
The Forest Products Sale Contract - Timber is a legally binding agreement in which a buyer agrees to purchase specified timber from a seller's property. This contract includes rights for the buyer to access the seller's land for the removal of purchased timber. Unlike generic sales agreements, this form is tailored specifically for timber transactions, ensuring that both parties have clear terms regarding the sale and removal processes.
Key parts of this document
- Identification of buyer and seller parties.
- Detailed description of the timber being sold.
- Terms of payment and right of access for timber removal.
- Performance requirements, including road maintenance and fire prevention obligations.
- Compliance with local laws and environmental regulations.
- Assignment clauses and conditions for termination of the contract.
When this form is needed
This form is necessary when a landowner (seller) intends to sell timber and grants a buyer the right to remove it from their property. It is commonly used in situations where landowners manage woodlands and wish to monetize the timber. You should use this contract when clear legal guidelines are needed to outline the sale terms and responsibilities associated with timber harvesting.
Who should use this form
This form is appropriate for:
- Landowners selling timber from their property.
- Timber buyers seeking to purchase timber legally.
- Corporations or individuals involved in logging and forestry.
- Agents acting on behalf of sellers or buyers in timber transactions.
Completing this form step by step
- Identify the parties involved, including full names and any corporate designations.
- Specify the amount and type of timber being sold, including location details.
- Enter the payment amount and payment terms for the timber sale.
- Include performance requirements relating to fire prevention and road maintenance.
- Obtain necessary signatures from all parties, ensuring notarization if required.
Is notarization required?
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to clearly describe the timber to be sold.
- Neglecting to outline access rights and responsibilities for removal.
- Not specifying the payment schedule or amount accurately.
- Overlooking necessary signatures or failing to obtain notarization where applicable.
Why complete this form online
- Easy access to a professionally drafted contract tailored for timber transactions.
- Convenient downloadable format allows for quick editing and customization.
- Reliability and legal soundness ensured by licensed attorneys.
- Streamlined process for completing and managing your timber sale agreement.
Main things to remember
- The Forest Products Sale Contract - Timber is essential for formalizing timber sales.
- Clear terms help protect the rights and responsibilities of both buyers and sellers.
- This contract is designed specifically for the state of Oklahoma, ensuring compliance with local laws.
- Professional online forms enhance ease of use and legal reliability.
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FAQ
To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing timber stumpage report.
Step 1: Get helP. Step 2: Get a plaN. Step 3: Get to know your timber. Step 4: Set your limits. Step 5: Find your buyers. Step 6: Start selling. Step 7: Put it in writing. Step 8: Check in on harvest day.
The two basic ways to sell timber are either as stumpage (standing timber) or as logs or other finished products. Each way has its pros and cons. Log sales involve harvesting and processing your own timber and then selling the finished products that come from it: veneer, sawtimber, pulpwood, etc.
The average stumpage price is $300/MBF, or $1,800 per acre total value.
Depending on the type of trees and the market when the timber is sold, you could earn $500 to $2000 per acre (at $1500, you would be looking at $60 per year in income if you were to annualize it over 25 years).
As a guide timber harvesting costs are commonly between $20 and $40 per cubic metre depending on the type of machinery used, the type of the logs and the site conditions. Harvesting costs are generally lower for large plantations of large diameter logs on easy accessible country.
The more mature trees you have, the more likely it is that your timber is ready for harvest. To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing timber stumpage report.
Timber prices are negotiated between the seller and the buyer based on the relationship between supply and demand factors.
It's generally much easier to sell trees in a woodlot harvest, where many trees are sold and harvested at the same time. To cut down your tree, a timber buyer must bring in laborers, a log truck, skidder, loader, and other equipment. The buyer must cut the logs and haul them to the mill to sell.
