Truffle-Inoculated Trees with Guaranteed Buy-Back Agreement
Lalbenque Farms is pleased to offer truffle-inoculated trees to landowners seeking a sustainable agricultural investment. In conjunction with the purchase of these trees, buyers may elect to enter into a Truffle Buy-Back Agreement under the terms and conditions specified herein.
Terms of the Buy-Back Agreement
- Purchase and Repurchase Framework: Lalbenque Farms (“the Buyer”) agrees to purchase truffles harvested from the truffle-inoculated trees sold to the purchaser (“the Seller”) at a price equivalent to 75% of the prevailing market value, with such market value to be determined at the sole discretion of the Buyer using recognized truffle market indices or comparable valuation metrics.
- Quality Control Provisions: The Seller acknowledges that all truffles submitted for repurchase under this agreement must meet the quality standards as stipulated by the Buyer. Such standards shall include, but are not limited to, acceptable maturity levels, size, and absence of physical or microbial defects. The Buyer reserves the exclusive right to inspect, grade, and accept or reject any truffles at its discretion.
- Logistical Deduction Clause: The 25% deduction from the prevailing market value represents compensation for the logistical costs incurred by the Buyer, including but not limited to transportation, grading, storage, and administrative expenses. This deduction is fixed and non-negotiable.
- Market Valuation Criteria: The prevailing market value shall be determined on the date of the transaction. The Buyer shall rely upon industry-standard pricing benchmarks or other relevant market data and shall not be obligated to provide detailed justification for the valuation applied.
- Exclusive Application: The Seller agrees that this Buy-Back Agreement applies solely to truffles harvested from the truffle-inoculated trees provided by the Buyer. Truffles obtained from any other source are excluded from this agreement.
- Duration of Agreement: This Buy-Back Agreement shall remain in effect for the productive lifespan of the truffle-inoculated trees, as determined by industry norms and subject to annual review by the Buyer.
- Modification and Termination: Lalbenque Farms reserves the right to amend, modify, or terminate this agreement upon providing a minimum of 30 days' written notice to the Seller, provided that such amendments do not retroactively affect any transactions already completed under the original terms of this agreement.
Additional Provisions:
- This agreement constitutes the entire understanding between the parties regarding the subject matter herein and supersedes all prior agreements, representations, or warranties, whether oral or written.
- Any disputes arising out of or in connection with this agreement shall be resolved under the laws of [Jurisdiction], and the parties consent to the exclusive jurisdiction of the courts in [Location].
By entering into this agreement, you secure a guaranteed market for your truffle harvest while contributing to sustainable agricultural practices. For detailed terms and conditions or to discuss this offering further, please contact Lalbenque Farms prior to purchase.
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