Assignment Of Contract For Purchase & Sale Of Real Estate (Page 2 of 2) in pdf

Assignment Of Contract For Purchase & Sale Of Real Estate Page 2

contract and of this Assignment of Contract and if Buyer/Assignee fails to perform, then Assignor may retain all of the

earnest money deposit as specified above. In the event this agreement is placed in the hands of an attorney for

enforcement, the prevailing party shall be entitled to recover court costs and attorney fees.

Cross Default: If Buyer/Assignee has entered into any other purchase agreements with Assignor’s other

properties and defaults on any provisions of this agreement or those agreements, then this Agreement shall also be

considered in default and, at the option of Assignor, this Agreement may be voided.

All parties agree that fax signatures/initials are legal & binding. This Assignment shall become null and void if

not signed by Buyer and received/returned to the Assignor by

This Agreement and the underlying, attaching Purchase and Sales Agreement CANNOT be assigned or

‘flipped’ to any other buyer for this closing. If this contingency is violated, the Assignor has the option to terminate

this agreement and keep the Buyer/Assignee’s earnest money. The undersigned Buyer/Assignee must be the final

end-user/buyer.

Special Stipulations: The following stipulations or exhibits, if conflicting with any other paragraph, shall

control:

Buyer/Assignee:

Date

Assignor:

Date

**Phone(s):

Assignment Of Contract For Purchase & Sale Of Real Estate Page 2