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This agreement is made on. of seller), and "seller", of between [address "buyer", of (address of buyer]. Seller and buyer collectively are referred to as "the parties." Section I. Seller will sell to buyer all timber now standing on a tract of land identified as follows: egal description of land]. The price of such timber will be per ton in the amounts described as follows: ton 8" top pine trees 6" top pine trees 10" top hardwood trees_ Section II. per ton per ton _per Buyer, without additional charge, will cut all timber covered by this agreement and will place it on transport conveyances provided by buyer. Section III. Buyer must make every effort to cut and haul to market Section IV. loads per day. Payment must be made for each load of timber within Section V. days after receipt of that load by buyer. Buyer must complete severance of said timber on or before __[due date of severance]. Section VI. If buyer does not complete severing the timber by Jdate for completion), seller must pay to Seller $per day as liquidated damages, and not as a penalty, for every day's delay in the failure to sever. However, this agreement shall terminate __days after the due date for severance after which time all ownership rights of unsevered timber shall revert to seller, his heirs, and/or assignees. Executed at [place of execution] on [date of execution]. seller] buyer) [Name of [Name of

This agreement is made on. of seller), and "seller", of between [address "buyer", of (address of buyer]. Seller and buyer collectively are referred to as "the parties." Section I. Seller will sell to buyer all timber now standing on a tract of land identified as follows: egal description of land]. The price of such timber will be per ton in the amounts described as follows: ton 8" top pine trees 6" top pine trees 10" top hardwood trees_ Section II. per ton per ton _per Buyer, without additional charge, will cut all timber covered by this agreement and will place it on transport conveyances provided by buyer. Section III. Buyer must make every effort to cut and haul to market Section IV. loads per day. Payment must be made for each load of timber within Section V. days after receipt of that load by buyer. Buyer must complete severance of said timber on or before __[due date of severance]. Section VI. If buyer does not complete severing the timber by Jdate for completion), seller must pay to Seller $per day as liquidated damages, and not as a penalty, for every day's delay in the failure to sever. However, this agreement shall terminate __days after the due date for severance after which time all ownership rights of unsevered timber shall revert to seller, his heirs, and/or assignees. Executed at [place of execution] on [date of execution]. seller] buyer) [Name of [Name of

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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This agreement is made on. of seller), and "seller", of between [address "buyer", of (address of buyer]. Seller and buyer collectively are referred to as "the parties." Section I. Seller will sell to buyer all timber now standing on a tract of land identified as follows: egal description of land]. The price of such timber will be per ton in the amounts described as follows: ton 8" top pine trees 6" top pine trees 10" top hardwood trees_ Section II. per ton per ton _per Buyer, without additional charge, will cut all timber covered by this agreement and will place it on transport conveyances provided by buyer. Section III. Buyer must make every effort to cut and haul to market Section IV. loads per day. Payment must be made for each load of timber within Section V. days after receipt of that load by buyer. Buyer must complete severance of said timber on or before __[due date of severance]. Section VI. If buyer does not complete severing the timber by Jdate for completion), seller must pay to Seller $per day as liquidated damages, and not as a penalty, for every day's delay in the failure to sever. However, this agreement shall terminate __days after the due date for severance after which time all ownership rights of unsevered timber shall revert to seller, his heirs, and/or assignees. Executed at [place of execution] on [date of execution]. seller] buyer) [Name of [Name of
Transcribed Image Text:This agreement is made on. of seller), and "seller", of between [address "buyer", of (address of buyer]. Seller and buyer collectively are referred to as "the parties." Section I. Seller will sell to buyer all timber now standing on a tract of land identified as follows: egal description of land]. The price of such timber will be per ton in the amounts described as follows: ton 8" top pine trees 6" top pine trees 10" top hardwood trees_ Section II. per ton per ton _per Buyer, without additional charge, will cut all timber covered by this agreement and will place it on transport conveyances provided by buyer. Section III. Buyer must make every effort to cut and haul to market Section IV. loads per day. Payment must be made for each load of timber within Section V. days after receipt of that load by buyer. Buyer must complete severance of said timber on or before __[due date of severance]. Section VI. If buyer does not complete severing the timber by Jdate for completion), seller must pay to Seller $per day as liquidated damages, and not as a penalty, for every day's delay in the failure to sever. However, this agreement shall terminate __days after the due date for severance after which time all ownership rights of unsevered timber shall revert to seller, his heirs, and/or assignees. Executed at [place of execution] on [date of execution]. seller] buyer) [Name of [Name of
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