Real Estate Purchase Contract Assignment: Page 1 of 2
Real Estate Purchase Contract Assignment: Page 1 of 2
Real Estate Purchase Contract Assignment: Page 1 of 2
The above-referenced Assignor and Assignee may each be referred to as a “Party” and
collectively referred to herein as the “Parties.”
II. THE PROPERTY. The Assignment is regarding real property located at the following
street address: __________________________________.
III. TRANSFER. The Parties agree that the Assignor is transferring the Assignment to
the Assignee for the following:
☐ - Other. _______________________________________________________.
☐ - It is REQUIRED for the Seller to approve this Agreement within ____ days of
the Effective Date. If the Seller does not approve this Agreement or fails to sign,
this Agreement, then this Agreement shall be considered void.
☐ - It is NOT REQUIRED for the Seller to approve this Agreement. Upon the
execution by both Parties, this Agreement shall be in full force and effect.
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V. ASSUMPTION. The Assignee acknowledges and agrees to assume the transfer and
ownership of all liabilities, obligations, and claims that currently exist or may in the future
regarding the Assignment. As of the Effective Date, the Assignee agrees to comply with
all terms, make all payments, and perform all the conditions, covenants, and any other
duties as part of the Assignment.
VI. PARTIES’ REPRESENTATIONS. The Assignee acknowledges that they have a full
understanding of the Assignment and the terms of this Agreement. The Assignor further
warrants that they own the rights transferred in the Assignment and understand the
terms of this Agreement. Both Parties agree to provide and complete any obligations
under this Agreement or the Assignment.
VIII. GOVERNING LAW. This Agreement shall be governed under the laws located in
the State of _________________.
IX. WAIVER. The failure of either Party to enforce any provision of this Agreement shall
not be deemed a waiver or limitation of that Party’s right to subsequently enforce and
compel strict compliance with every provision of this Agreement.
XI. ENTIRE AGREEMENT. This Agreement constitutes the entire Agreement between
the Parties. No modification or amendment of this Agreement shall be effective unless
in writing and signed by both Parties.
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