Hey folks,
I know you are not attornies, nor did you stay at a Holiday Inn last night, but nevertheless I had a question concerning our Indiana Board of Realtors contract.
Based upon the following statement in the contract, do you think it is assignable?:
"This offer shall be construed under and in accordance with the laws of the State of Indiana and is binding upon the parties' respective heirs, administrators, legal representatives, successors, and assigns."
Also, it does not say anywhere in the contract that it is NOT assignable. I seem to remember several RE gurus saying that if the contract does not specifically state that a contract is NOT assignable, then by default it is asssignable.
One more thing... There is also a statement in the contract that says "all rights, duties, and obligations of the parties shall survive the passing of title to, or an interest in, the Property". What impact does this statement have on the assignability of the contract to another investor?
Thanks for your help
Sincerely,
JohnMP