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This Act governs agreements between the Karnataka government and purchasers for the sale or supply of forest produce, applying to both the state and private entities holding these contracts. It is important because it grants the government the power to revise terms such as prices, quantities, and working areas to ensure they reflect current market value and support ecological balance. By allowing the state to modify or cancel existing agreements, the law ensures better forest management and environmental protection while preventing prices from exceeding market rates.
Official Legislative Text
Educational Study Layer
Chronological legislative evolution of AGREEMENTS) ACT, 1987 across statutory gazettes and amending Acts.