Assignment Of Contract Agreement printable pdf download

SSIGNMENT OF

ONTRACT

GREEMENT

This Agreement (hereinafter "Agreement") is entered on this ___ day of _____________,

200__, by and between _________________________________________, located at

__________________________________ (hereinafter AAssignor") and

______________________________________, located at _____________________________

(hereinafter AAssignee@).

RECITALS

WHEREAS, Assignor is the owner of and has rights in and to a contract to purchase a

particular piece of real estate (hereinafter AContract@);

WHEREAS, Assignee desires to purchase Assignor=s rights to said Contract;

WHEREAS, Assignor has the contractual right to assign the Contract to Assignee, and

Assignee is willing to pay Assignor consideration for said assignment.

NOW THEREFORE, IT IS AGREED AS FOLLOWS:

A G R E E M E N T

1. Contract. The Contract for purchase of real estate is between Assignor as Purchaser

and __________________________________________ as Seller, dated __________________.

The real estate referred to in the Contract shall hereinafter be referenced as the AProperty@. It is

set forth in the Contract that Seller has agreed to and Assignor has the right to assign the

Contract to any person or entity.

2. Assignment. Upon the execution of this Agreement, Assignor agrees to assign all of

its rights under the Contract to Assignee.

3. Assignment Fee. As consideration for this transfer or assignment, Assignee agrees to

pay Assignor ___________________________________ dollars ($_______). This Assignment

Fee shall be paid upon the Closing of the purchase of the Property by Assignee. This Agreement

shall be provided by both parties to the escrow agent processing the Closing and the Assignment

Fee shall be set forth on the Settlement Statement for the Closing.

4. Future Assignment. Assignee does not have any further authorization to assign the

Contract without the express written consent of Assignor.

5. Term. This Assignment shall be effective for a period of ______________ (x)

Months and shall expire on ________________. If Assignee does not close on the purchase of

the Property under the terms of the Contract by this date, this Assignment shall be null and void

and Assignor shall reassume all rights and duties under the Contract.

Assignment of Contract

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Assignment Of Contract Agreement