Hi All,
Can anyone provide me with a good wholesellers purchase contract with good escape clauses and contract assignment?
kdcraig83
Good to meet you.
I have a very good contract. The pieces that may be important are the release signed by the seller and the buyer… here is one of them.
ASSIGNMENT OF CONTRACT
Assignee
YOUR COMPANY.(hereinafter “Assignor”), the Buyer under an agreement dated THE CONTRACT DATE (hereinafter “Agreement” by and between Assignor and THE ORGINAL SELLER (hereinafter “Seller”), hereby assigns all right, title and interest in said agreement to PERSON YOUR SELLING TO (hereinafter “Assignee”) for the sum and consideration of $AMOUNT OF MONEY
received by Assignor.
Assignee agrees to perform all covenants, conditions and obligations required by Assignor under said Agreement and agrees to defend, indemnify and hold Assignor harmless from any liability or obligation under said Agreement. Assignee further agrees to hold Assignor harmless from any deficiency of defect in the legality or enforceability of the terms of said Agreement.
These instructions may be executed in counterparts, each of which shall be deemed and original regardless of date of execution or delivery and together shall constitute one and the same document.
Accepted and so instructed:
Good Luck
Michael