A Landowner's Guide to Selling Standing Timber - the Ontario ...

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A LANDOWNER’S GUIDE TO SELLING STANDING TIMBER(17) The Purchaser agrees to comply fully with all the requirements of the Worker’s Safety and Insurance Act and,without limiting the generality of the foregoing, agrees to pay all assessments made under the said Act againstthe Purchaser.(18) To take all necessary steps to prevent and to suppress any forest fire on the sale area.VII.The Seller and the Purchaser further agrees:(1) The Seller retains the right to conduct inspections in person and/or assign an agent to conductinspections of the cutting operations from time to time and to order the immediate cessation of all work if anyviolation of this contract occurs.(2) In the case of any dispute as to the meaning of any of the provisions of this agreement, the Seller and thePurchaser agree to submit such dispute to arbitration in accordance with the Arbitration Act. Each contractingparty will select one arbitrator and the two arbitrators selected shall select a third arbitrator, and the decision ofthe arbitrators shall be final.Signed in duplicate this day of 20 .(Witness for the Purchaser)(Purchaser)(Address/ Phone Number)(Address/Phone Number)(Witness for the Seller)(Seller)(Address/ Phone Number)(Address/Phone Number)32
A LANDOWNER’S GUIDE TO SELLING STANDING TIMBERSummaryAs a landowner, you have several options for sellingstanding timber. You can carry out all the work yourself, oryou can do some of the basic work and hire a forestryconsultant to do the more complicated tasks. Anotheroption is to hire a consultant to do all of the pre-harvestpreparations. Or, you could choose to rely completely onthe timber buyer to do everything – select the trees, tellyou their value, draw up a contract, determine boundaryand trail locations, and conduct the harvest; this isprobably not the wisest choice.SUMMARYWhatever decisions you make, you need to protect your owninterests. Time spent with A Landowner’s Guide to SellingStanding Timber will help you learn about the harvesting andselling process and allow you to enjoy the rewards thatsuccessful management of your woodlot will bring.33
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A Landowner's Guide to Selling Standing Timber - the Ontario ...

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