[{"data":1,"prerenderedAt":516},["ShallowReactive",2],{"document-assignment-of-real-estate-contract-D1158":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":36,"customDescModule":179,"customdescription":6,"mdFm":180,"mdProseHtml":515},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"ASSIGNMENT OF REAL ESTATE CONTRACT This Assignment of Real Estate Contract (the \"Assignment\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Assignor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [ASSIGNEE NAME] (the \"Assignee\"), an individual with his main address located at OR a corporation organized and existing 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Property","/template/option-to-purchase-real-estate-property-D1194","https://templates.business-in-a-box.com/imgs/250px/1194.png",{"label":57,"url":58,"thumb":59,"extension":10},"Real Estate Salesman Independent Contractor Agreement","/template/real-estate-salesman-independent-contractor-agreement-D1198","https://templates.business-in-a-box.com/imgs/250px/1198.png",{"label":61,"url":62,"thumb":63,"extension":10},"Real Estate Operating Agreement","/template/real-estate-operating-agreement-D14043","https://templates.business-in-a-box.com/imgs/250px/14043.png",{"label":65,"url":66,"thumb":67,"extension":10},"Real Estate Purchase Agreement","/template/real-estate-purchase-agreement-D13234","https://templates.business-in-a-box.com/imgs/250px/13234.png",{"label":69,"url":70,"thumb":71,"extension":10},"Real Estate Commission 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\"Assignment\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Assignor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [ASSIGNEE NAME] (the \"Assignee\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] ","Assignment of Mortgage","2",32,"https://templates.business-in-a-box.com/imgs/1000px/assignment-of-mortgage-D1156.png","https://templates.business-in-a-box.com/imgs/250px/1156.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1156.xml",{"title":6,"description":6},[94,96],{"label":17,"url":95},"real-estate-business",{"label":20,"url":97},"business-legal-agreements","assignment lease agreement","/template/assignment-of-lease-agreement-D1156",{"description":101,"descriptionCustom":6,"label":102,"pages":87,"size":88,"extension":10,"preview":103,"thumb":104,"svgFrame":105,"seoMetadata":106,"parents":107,"keywords":112,"url":113},"QUITCLAIM DEED This Quitclaim Deed (the \"Agreement\") is made and effective the [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Second Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WITNESSETH, That the said First Party on behalf of himself, his heirs, executors, administrators, successors, representatives and assigns, for good consideration and for the sum of [AMOUNT] cash in hand paid at or before delivery of this document by the said Second Party, the receipt whereof is hereby acknowledged, does hereby remise, release and quitclaim unto the said Second Party forever, all the right, title, interest and claim which the said First Party has in and to the following described parcel of land, and improvements and appurtenances thereto in the City of [City], State/Province of [STATE/PROVINCE], to wit: [DESCRIBE] ","Quitclaim Deed","https://templates.business-in-a-box.com/imgs/1000px/quitclaim-deed-D394.png","https://templates.business-in-a-box.com/imgs/250px/394.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#394.xml",{"title":6,"description":6},[108,109],{"label":20,"url":97},{"label":110,"url":111},"Deeds","deed","quitclaim deed","/template/quitclaim-deed-D394",{"description":115,"descriptionCustom":6,"label":116,"pages":117,"size":118,"extension":10,"preview":119,"thumb":120,"svgFrame":121,"seoMetadata":122,"parents":123,"keywords":133,"url":134},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note","3",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[124,127,130],{"label":125,"url":126},"Finance & Accounting","finance-accounting",{"label":128,"url":129},"Business Loans","business-loan",{"label":131,"url":132},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":136,"descriptionCustom":6,"label":137,"pages":138,"size":139,"extension":10,"preview":140,"thumb":141,"svgFrame":142,"seoMetadata":143,"parents":144,"keywords":147,"url":148},"JOINT VENTURE AGREEMENT This Joint Venture Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND JOINT VENTURER NAME] (the \"Second Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] This Agreement is entered by First Joint Venturer and Second Joint Venturer, herein after collectively referred to as the \"Joint Venturers\", for the purpose of performing: [DESCRIBE JOINT VENTURE]. WITNESSETH: WHEREAS, the parties are desirous of forming a Joint Venture (the \"Venture\"), under the laws of the [State/Province] of [STATE/PROVINCE] by execution of this Agreement for the purposes set forth herein and are desirous of fixing and defining between themselves their respective responsibilities, interests, and liabilities in connection with the performance of the before mentioned project; and NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Parties herein agree to constitute themselves as Joint Venturers, henceforth, \"Venturers\" for the purposes before mentioned, and intending to be legally bound hereby, the parties hereto, after first being duly sworn, do covenant, agree and certify as follows: DEFINITIONS \"Affiliate\" shall refer to (i) any person directly or indirectly controlling, controlled by or under common control with another person, (ii) any person owning or controlling 10% or more of the outstanding voting securities of such other person, (iii) any officer, director or other partner of such person and (iv) if such other person is an officer, director, joint Venturer or partner, any business or entity for which such person acts in any such capacity. \"Venturers\" shall refer to [VENTURE NAME] Inc., and any successor(s) as may be designated and admitted to the Venture. \"Internal Revenue Code\", \"Code\" or \"I.R.C.\" shall refer to the current and applicable Internal Revenue Code. \"Net Profits and Net Losses\" means the taxable income and loss of the Venture, except as follows: [DESCRIBE] The \"Book\" value of an asset shall be substituted for its adjusted tax basis if the two differ, but otherwise Net Profits and Net Losses shall be determined in accordance with federal income tax principles. \"Project\" shall refer to that certain [DESCRIBE] project known as [NAME]. \"Treasury Regulations\" shall refer to those regulations promulgated by the Department of the Treasury with respect to certain provision of Internal Revenue Code. \"Percentage of Participation\" shall refer to that figure set forth in Exhibit A. FORMATION, NAME, AND PRINCIPLE PLACE OF BUSINESS Formation (a) The Venturers do hereby form a joint venture pursuant to the laws of the State of [STATE/PROVINCE] in order for the Venture to carry on the purposes for which provision is made herein. (b) The Ventures shall execute such certificates as may be required by the laws of the [State/Province] of [STATE/PROVINCE] or of any other state in order for the Venture to operate its business and shall do all other acts and things requisite for the continuation of the Venture as a joint venture pursuant to applicable law. Name The Name and style under which the Venture shall be conducted is: [DESCRIBE]. Principal place of business The Venture shall maintain its principal place of business at [FULL ADDRESS]. The Venture may re-locate its office from time to time or have additional offices as the Venturers may determine. PURPOSE OF THE JOINT VENTURE The business of the Venture shall be to perform: [DESCRIBE], a project having the Contract # , being entitled, and being in a dollar amount of [AMOUNT], in accordance with the contract documents for the Project and all such other business incidental to the general purposes herein set forth. TERM The term of the Venture shall commence as of the date hereof and shall be terminated and dissolved upon the earliest to occur of: (i) completion of the Project and receipt of all sums due the Venture by the Owner, [OWNER NAME] pursuant thereto and payment of all laborers and material men employed by the Venture in connection with the project; (ii) [DATE]; (iii) the unanimous agreement of the Ventures; or (iv) the order of a court of competent jurisdiction. PERCENTAGE OF PARTICIPATION Description Except as otherwise provided in sections 6.0 and 9.0 hereof, the interest of the Parties in any gross profits and their respective shares in any losses and/or liabilities that may result from the filing of a joint bid and/or the performance of the Construction Contract, and their interests in all property and equipment acquired and all money received in connection with the performance of the Contract shall be as follows: [Name Joint Venture Partner Percentage] Losses The Parties agree that in the event any losses arise out of or results from the performance of the Project, each Venturer shall assume and pay the share of the losses that is equal to the percentage of participation. Liabilities If for any reason, a Venturer sustains any liabilities or is required to pay any losses arising out of or directly connected with the Project, or the execution of any surety bonds or indemnity agreements in connection therewith, which are in excess of its Percentage of Participation, in the Joint Venture, the other Venturer shall promptly reimburse such Venturer this excess, so that each and every member of the Joint Venturer will then have paid its proportionate share of such losses to the full extent of its Percentage of Participation. Indemnities The Venturers agree to indemnify each other and to hold the other harmless from, any and all losses of the Joint Venture that are in excess of such other Venturer's Percentage of Participation. Provided that the provisions of this subsection shall be limited to losses that are directly connected with or arise out of the performance of the Project and/or the execution of any bonds or indemnity agreements in connection therewith and shall not be relate to or include any incidental, indirect or consequential losses that may be sustained or suffered by a Party. Duration The Parties shall from time to time execute such bonds and indemnity agreements, including applications there and other documents that may be necessary in connection with the performance of the Project. Provided however, that the liability of each of the Parties under any agreements to indemnify a surety company or surety companies shall be limited to the percentage of the total liability assumed by all the Parties under such indemnity agreements that is equal to the Party's Percentage of Participation. Initial contribution of the venture (a) The Venturers shall contribute the Property to the Venture and their Capital Account shall each be credited with the appropriate value of such contribution in accordance with their Venture interests. (b) Except as otherwise required by law or this Agreement, the Venturers shall not be required to make any further capital contributions to the Venture. Venture interests Upon execution of this Agreement, the Venturers shall each own the following interests in the Venture: Joint Venture Partner Percentage Return of capital contributions (a) No Venturer shall have the right to withdraw his capital contributions or demand or receive the return of his capital contributions or any part thereof, except as otherwise provided in this Agreement. (b) The Venturers shall not be personally liable for the return of capital contributions or any part thereof, except as otherwise provided in this Agreement. (c) The Venture shall not pay interest on capital contributions of any Venturer.","Joint Venture Agreement","7",70,"https://templates.business-in-a-box.com/imgs/1000px/joint-venture-agreement-D889.png","https://templates.business-in-a-box.com/imgs/250px/889.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#889.xml",{"title":6,"description":6},[145,146],{"label":20,"url":97},{"label":20,"url":97},"joint venture agreement","/template/joint-venture-agreement-D889",{"description":150,"descriptionCustom":6,"label":151,"pages":117,"size":152,"extension":10,"preview":153,"thumb":154,"svgFrame":155,"seoMetadata":156,"parents":158,"keywords":157,"url":163},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda",513,"https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":157,"description":6},"non disclosure agreement nda",[159,160],{"label":20,"url":97},{"label":161,"url":162},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":165,"descriptionCustom":6,"label":166,"pages":167,"size":168,"extension":10,"preview":169,"thumb":170,"svgFrame":171,"seoMetadata":172,"parents":173,"keywords":177,"url":178},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[174],{"label":175,"url":176},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",false,{"seo":181,"reviewer":193,"legal_disclaimer":197,"quick_facts":198,"at_a_glance":200,"personas":204,"variants":229,"glossary":256,"clauses":293,"how_to_fill":339,"common_mistakes":380,"faqs":405,"industries":433,"comparisons":450,"diy_vs_lawyer":460,"jurisdictions":473,"related_template_ids_curated":494,"schema":503,"classification":504},{"meta_title":182,"meta_description":183,"primary_keyword":184,"secondary_keywords":185,"family":184,"is_canonical":179},"Assignment of Real Estate Contract Template (Free Word)","Free assignment of real estate contract template to transfer your purchase agreement rights to a third party. Used in 190+ countries. Free Word and PDF download.","assignment of real estate contract template",[186,187,188,189,190,191,192],"real estate assignment contract","assignment of purchase agreement template","wholesale real estate assignment contract","real estate contract assignment form","assignment of real estate contract word","real estate assignment agreement template free","how to assign a real estate contract",{"name":194,"credential":195,"reviewed_date":196},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":199,"legal_review_recommended":197,"signature_required":197,"notarization_required":179},"advanced",{"what_it_is":201,"when_you_need_it":202,"whats_inside":203},"An Assignment of Real Estate Contract is a legally binding document that transfers a buyer's rights and obligations under an existing purchase agreement to a new third-party buyer — the assignee. This free Word download gives you a ready-to-edit template you can customize with property details, assignment fee, and consent terms, then export as PDF for execution at or before closing.\n","Use it when you have a property under contract and wish to transfer your equitable interest to another buyer before closing — common in wholesale real estate investing, fix-and-flip acquisition pipelines, and situations where the original buyer can no longer complete the purchase. The original purchase agreement must typically permit assignment, or the seller must provide written consent.\n","Identification of the assignor, assignee, and original seller; a full description of the underlying purchase agreement and property; the assignment fee and payment terms; representations and warranties from both parties; seller consent (if required); and closing and indemnification provisions that govern liability after the transfer.\n",[205,209,213,217,221,225],{"title":206,"use_case":207,"icon_asset_id":208},"Wholesale real estate investors","Flipping purchase contracts to end buyers for an assignment fee without taking title","persona-real-estate-investor",{"title":210,"use_case":211,"icon_asset_id":212},"Real estate agents and brokers","Facilitating assignment transactions when a client needs to transfer a purchase agreement","persona-real-estate-agent",{"title":214,"use_case":215,"icon_asset_id":216},"Fix-and-flip operators","Assigning excess contracted properties to partner investors when capital is tied up elsewhere","persona-contractor",{"title":218,"use_case":219,"icon_asset_id":220},"Real estate attorneys","Documenting assignment transactions for clients to ensure enforceability and clear liability allocation","persona-lawyer",{"title":222,"use_case":223,"icon_asset_id":224},"Property developers","Transferring pre-construction purchase rights to end buyers or co-investors before closing","persona-developer",{"title":226,"use_case":227,"icon_asset_id":228},"Individual homebuyers","Transferring a purchase agreement to a family member or business entity before settlement","persona-homebuyer",[230,233,237,241,244,248,252],{"situation":231,"recommended_template":7,"slug":232},"Wholesale investor transferring a residential contract to an end buyer for a fee","assignment-of-real-estate-contract-D1158",{"situation":234,"recommended_template":235,"slug":236},"Transferring an option to purchase real property rather than a purchase contract","Real Estate Option Agreement","option-to-purchase-real-estate-property-D1194",{"situation":238,"recommended_template":239,"slug":240},"Seller financing arrangement where the buyer takes over existing mortgage payments","Assumption Agreement","assumption-agreement-D13247",{"situation":242,"recommended_template":65,"slug":243},"Transferring ownership of the property itself rather than contract rights","real-estate-purchase-agreement-D13234",{"situation":245,"recommended_template":246,"slug":247},"Pre-construction condo assignment to a new buyer before closing","Pre-Sale Assignment Agreement","agreement-of-sale-transfer-assignment-of-accounts-receivable-D934",{"situation":249,"recommended_template":250,"slug":251},"Assigning a commercial lease rather than a purchase contract","Assignment of Lease Agreement","assignment-of-lease-agreement-D1156",{"situation":253,"recommended_template":254,"slug":255},"Joint venture with another investor on the same contracted property","Real Estate Joint Venture Agreement","joint-venture-agreement-D889",[257,260,263,266,269,272,275,278,281,284,287,290],{"term":258,"definition":259},"Assignor","The original buyer under the purchase agreement who transfers their contractual rights and obligations to the assignee.",{"term":261,"definition":262},"Assignee","The new third-party buyer who steps into the assignor's position and assumes responsibility for completing the purchase.",{"term":264,"definition":265},"Underlying Purchase Agreement","The original real estate purchase contract between the assignor and the seller that governs the terms of the property sale.",{"term":267,"definition":268},"Assignment Fee","The compensation paid by the assignee to the assignor in exchange for the transfer of the purchase agreement rights — the assignor's profit in a wholesale transaction.",{"term":270,"definition":271},"Equitable Interest","The beneficial ownership interest a buyer holds in a property from the moment a purchase agreement is signed, before legal title transfers at closing.",{"term":273,"definition":274},"Anti-Assignment Clause","A provision in the original purchase agreement that restricts or prohibits the buyer from assigning the contract without the seller's prior written consent.",{"term":276,"definition":277},"Novation","A legal substitution that replaces the original buyer with the assignee and releases the assignor from all further obligations — distinct from a standard assignment, which may retain assignor liability.",{"term":279,"definition":280},"Double Close","An alternative to assignment where the investor purchases the property and immediately resells it in two back-to-back closings — used when assignment is restricted or when the investor wants to keep the profit margin private.",{"term":282,"definition":283},"Earnest Money Deposit","A good-faith deposit paid by the original buyer under the purchase agreement, the fate of which must be addressed in the assignment — either retained by the assignor, credited to the assignee, or transferred.",{"term":285,"definition":286},"Closing Date","The scheduled date on which the assignee must complete the purchase from the seller, as set in the original purchase agreement or as modified by written amendment.",{"term":288,"definition":289},"Title Company","The neutral third party that coordinates the closing, searches the property title for defects or encumbrances, and disburses funds including the assignment fee.",{"term":291,"definition":292},"Seller Consent","Written permission from the property seller acknowledging and approving the transfer of the purchase agreement to the assignee — required when the original contract contains an anti-assignment clause.",[294,299,304,309,314,319,324,329,334],{"name":295,"plain_english":296,"sample_language":297,"common_mistake":298},"Identification of parties and underlying agreement","Names the assignor, assignee, and original seller, and identifies the purchase agreement being assigned by reference to its execution date and property address.","This Assignment of Real Estate Contract ('Assignment') is entered into as of [DATE] by and between [ASSIGNOR FULL NAME] ('Assignor') and [ASSIGNEE FULL NAME OR ENTITY] ('Assignee'). This Assignment relates to that certain Purchase and Sale Agreement dated [ORIGINAL CONTRACT DATE] between Assignor and [SELLER NAME] ('Seller') for the property located at [PROPERTY ADDRESS] ('Property').","Failing to attach the original purchase agreement as an exhibit. Without it, the assignment floats free of its source document and disputes arise about which terms were actually transferred.",{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Assignment of rights and assumption of obligations","States that the assignor transfers all rights under the purchase agreement to the assignee, and that the assignee agrees to assume and perform all remaining obligations — including completing the purchase at the contracted price.","Assignor hereby assigns, transfers, and conveys to Assignee all of Assignor's right, title, and interest in and to the Purchase Agreement. Assignee hereby accepts the foregoing assignment and assumes all obligations of Assignor under the Purchase Agreement arising on or after the effective date of this Assignment.","Using vague 'some rights' language instead of a full assignment. Partial assignments create ambiguity about who is responsible for completing the purchase and who bears liability if the deal falls through.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Assignment fee and payment terms","Sets the dollar amount the assignee pays the assignor for the contract rights, when payment is due, and how it is made — at signing, through escrow, or at closing.","In consideration of the assignment set forth herein, Assignee shall pay Assignor an assignment fee of $[AMOUNT] ('Assignment Fee'). The Assignment Fee shall be paid [at the time of execution of this Assignment / through escrow / at closing], by [wire transfer / certified check / escrow disbursement].","Leaving the assignment fee to be paid at closing without an escrow arrangement. If the deal falls through, recovering an unsecured fee from the assignee can be difficult or impossible.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"Seller consent and acknowledgment","Obtains the seller's written acknowledgment that they consent to the assignment and will honor the purchase agreement with the assignee as the new buyer.","Seller hereby consents to the assignment of the Purchase Agreement from Assignor to Assignee and agrees to proceed with the sale of the Property on the terms set forth in the Purchase Agreement with Assignee as the buyer. Seller acknowledges receipt of a copy of this Assignment.","Proceeding without seller consent when the original purchase agreement contains an anti-assignment clause. An assignment made without required consent is voidable, exposing the assignor to breach of contract liability.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Representations and warranties of the assignor","The assignor confirms that the purchase agreement is valid, in full force, and not in default; that no prior assignments have been made; and that they have the right to assign.","Assignor represents and warrants that: (a) the Purchase Agreement is in full force and effect; (b) Assignor is not in default under the Purchase Agreement; (c) Assignor has not previously assigned or encumbered the Purchase Agreement; and (d) Assignor has full authority to execute this Assignment.","Omitting a representation that no prior assignments exist. Dual assignments — selling the same contract to two different assignees — are not unheard of in wholesale markets and create title and fraud exposure for everyone involved.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Representations and warranties of the assignee","The assignee confirms they have reviewed the purchase agreement, have the financial ability to close, and accept the property and contract terms as-is from the assignor.","Assignee represents and warrants that: (a) Assignee has reviewed and accepts the terms of the Purchase Agreement; (b) Assignee has the financial capacity to close the purchase on the terms stated therein; and (c) Assignee accepts the Property in its current condition as described in the Purchase Agreement.","No representation of financial capacity. If the assignee cannot close, the assignor may still face seller claims depending on how liability is allocated — vetting assignee capacity upfront is essential.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Release and indemnification","Allocates which party is responsible for obligations before the assignment date versus after, and requires each party to indemnify the other for liabilities arising from their respective period of responsibility.","Assignor shall indemnify, defend, and hold harmless Assignee from any claims, losses, or liabilities arising from Assignor's obligations under the Purchase Agreement prior to the effective date of this Assignment. Assignee shall indemnify Assignor for all obligations arising on or after such date.","No indemnification provision at all. Without one, a closing dispute over inspection credits, title defects, or seller demands leaves both parties exposed with no contractual framework for who bears the loss.",{"name":330,"plain_english":331,"sample_language":332,"common_mistake":333},"Earnest money deposit treatment","Specifies what happens to the original earnest money deposit — whether it is credited to the assignee's purchase price, retained by the assignor, or transferred to escrow on the assignee's behalf.","The earnest money deposit of $[DEPOSIT AMOUNT] previously paid by Assignor under the Purchase Agreement shall be [credited to Assignee at closing and deducted from the purchase price / retained by Assignor as part of the Assignment Fee / transferred by Assignor to the escrow account on Assignee's behalf].","Not addressing the earnest money at all, assuming the title company will sort it out. Conflicting instructions between the assignment document and the original purchase agreement cause closing delays and escrow disputes.",{"name":335,"plain_english":336,"sample_language":337,"common_mistake":338},"Governing law and entire agreement","Specifies which state's or jurisdiction's law governs the assignment and confirms the document is the complete agreement between assignor and assignee on the subject.","This Assignment shall be governed by and construed in accordance with the laws of the State of [STATE]. This Assignment constitutes the entire agreement between Assignor and Assignee with respect to the subject matter hereof and supersedes all prior negotiations, representations, and understandings.","Choosing a governing law that differs from the state where the property is located. Real property transactions are almost always governed by the law of the situs — the state where the property sits — regardless of the parties' locations.",[340,345,350,355,360,365,370,375],{"step":341,"title":342,"description":343,"tip":344},1,"Review the original purchase agreement for assignment restrictions","Before filling out anything, locate and read the assignment clause (or anti-assignment clause) in the original purchase agreement. Confirm whether seller consent is required, prohibited, or freely permitted.","If the contract says 'buyer may not assign without seller's prior written consent,' get that consent in writing before executing the assignment — verbal agreement is not sufficient.",{"step":346,"title":347,"description":348,"tip":349},2,"Identify all parties with full legal names","Enter the assignor's full legal name (or entity name if an LLC or corporation), the assignee's full legal name or entity, and the seller's name exactly as it appears in the original purchase agreement.","If the assignee is an LLC, use the registered entity name and confirm the signatory has authority to bind the entity — an operating agreement or corporate resolution may be needed.",{"step":351,"title":352,"description":353,"tip":354},3,"Describe the underlying purchase agreement and property","Reference the original purchase agreement by its execution date, parties, and property address. Include the legal description if the purchase agreement includes one.","Attach the original purchase agreement as Exhibit A. Every term in the assignment flows from that document — having it attached eliminates disputes about what was agreed.",{"step":356,"title":357,"description":358,"tip":359},4,"Set the assignment fee and payment mechanics","Enter the dollar amount of the assignment fee, specify when it is due (at signing, in escrow, or at closing), and identify the payment method. If using escrow, coordinate with the title company before the assignment is signed.","Structure the fee through the title company's escrow whenever possible — it ensures the assignor is paid at closing without chasing the assignee for a separate check.",{"step":361,"title":362,"description":363,"tip":364},5,"Address the earnest money deposit","Decide whether the original earnest money will be credited to the assignee's purchase price, retained by the assignor, or transferred. Document this decision explicitly in the earnest money clause.","Confirm with the title company how they will treat the deposit before the assignment is signed. Conflicting instructions between the assignment and the purchase agreement are one of the most common causes of closing delays.",{"step":366,"title":367,"description":368,"tip":369},6,"Obtain seller consent if required","If the original purchase agreement requires seller consent for assignment, complete the seller consent section and obtain the seller's signature before the assignment takes effect. Do not close on an assignment without this if the contract requires it.","Present the seller with both the assignment document and a brief explanation of why the transaction is changing hands. Sellers who are caught off guard at closing are far more likely to object or delay.",{"step":371,"title":372,"description":373,"tip":374},7,"Execute all signatures before the closing date","Both assignor and assignee must sign the assignment, and the seller must sign the consent section if applicable. All signatures should be obtained well before the purchase agreement's closing date.","Send the executed assignment to the title company immediately after signing so they can update the closing file and prepare the correct disbursement instructions.",{"step":376,"title":377,"description":378,"tip":379},8,"Deliver copies to the title company and all parties","Provide a fully executed copy to the title company, the seller, and both assignor and assignee. Confirm the title company has updated the closing disclosure to reflect the assignee as the new buyer.","Follow up with the title company 3–5 business days before closing to confirm all assignment documents have been received and the file is in order — last-minute surprises are common when assignment paperwork is submitted late.",[381,385,389,393,397,401],{"mistake":382,"why_it_matters":383,"fix":384},"Assigning without checking for an anti-assignment clause","Assigning a contract that prohibits assignment without seller consent is a breach of the original purchase agreement and can result in the seller voiding the deal, forfeiting the earnest money deposit, and pursuing damages.","Read the original purchase agreement before marketing the contract to potential assignees. If consent is required, obtain it in writing before signing the assignment.",{"mistake":386,"why_it_matters":387,"fix":388},"Not attaching the original purchase agreement as an exhibit","Without the underlying contract attached, disputes arise about which terms the assignee actually assumed — creating ambiguity on purchase price, contingencies, closing date, and inspection credits.","Always attach a complete, signed copy of the original purchase agreement as Exhibit A to the assignment document.",{"mistake":390,"why_it_matters":391,"fix":392},"Leaving the earnest money treatment unaddressed","When the assignment is silent on the earnest money, the title company receives conflicting instructions and may hold funds pending resolution — delaying or derailing the closing.","Include an explicit earnest money clause stating whether the deposit is credited to the assignee, retained by the assignor, or transferred to a new escrow account.",{"mistake":394,"why_it_matters":395,"fix":396},"Executing the assignment after the purchase agreement's contingency periods have expired","If inspection, financing, or due diligence contingencies in the original purchase agreement have already lapsed, the assignee inherits a contract with no exit rights and full exposure to the purchase obligation.","Complete the assignment while contingency periods are still open, or negotiate a contract amendment with the seller to extend them before execution.",{"mistake":398,"why_it_matters":399,"fix":400},"Choosing a governing law different from the property's state","Courts almost universally apply the law of the state where the property is located to real estate transactions — a conflicting choice-of-law clause will likely be disregarded, creating uncertainty about which rules apply.","Set the governing law to the state where the property is physically located, regardless of where the assignor or assignee are based.",{"mistake":402,"why_it_matters":403,"fix":404},"No indemnification clause allocating pre- and post-assignment liability","Without an indemnification provision, if the assignee defaults or the seller raises a pre-closing claim, both parties may face joint exposure with no contractual framework to determine who bears the cost.","Include a mutual indemnification clause that clearly separates the assignor's liability for pre-assignment obligations from the assignee's liability for post-assignment obligations.",[406,409,412,415,418,421,424,427,430],{"question":407,"answer":408},"What is an assignment of real estate contract?","An assignment of real estate contract is a legal document that transfers a buyer's rights and obligations under an existing property purchase agreement to a new third-party buyer. The original buyer — the assignor — exits the transaction, and the new buyer — the assignee — steps in to complete the purchase on the original terms. The property itself does not change hands through the assignment; only the buyer's position in the contract does.\n",{"question":410,"answer":411},"Is assigning a real estate contract legal?","In most jurisdictions, assigning a real estate contract is legal provided the original purchase agreement permits assignment or the seller provides written consent. Many standard purchase agreements contain anti-assignment clauses requiring prior seller approval. Some states and certain MLS forms include blanket prohibitions on assignment. Always review the original contract and consult a real estate attorney before proceeding.\n",{"question":413,"answer":414},"What is an assignment fee in real estate?","An assignment fee is the amount the assignee pays the assignor in exchange for the right to step into the purchase agreement. In wholesale real estate, this fee represents the assignor's profit — the spread between the contracted purchase price and the price the assignee is willing to pay. Assignment fees typically range from $2,000 to $20,000 or more depending on the property's equity and the local market.\n",{"question":416,"answer":417},"Does the seller have to consent to an assignment?","Whether seller consent is required depends on the language of the original purchase agreement. If the contract contains an anti-assignment clause, the seller's prior written consent is required and proceeding without it constitutes a breach. If the contract is silent on assignment or expressly permits it, consent may not be legally required — though notifying the seller and title company is strongly recommended to prevent closing complications.\n",{"question":419,"answer":420},"What is the difference between an assignment and a double close?","In an assignment, the assignor never takes title — they transfer their purchase contract rights to the assignee for a fee, and the assignee closes directly with the seller. In a double close, the investor purchases the property in one transaction and immediately resells it in a second back-to-back transaction. A double close is used when the original contract prohibits assignment, when the investor wants to keep the profit margin private from the seller, or when lender seasoning requirements must be met.\n",{"question":422,"answer":423},"Does an assignment of real estate contract need to be notarized?","Notarization is generally not required for an assignment of real estate contract to be enforceable between the parties. However, if the assignment needs to be recorded in the public land records — which is uncommon but may be required in some states or specific transactions — notarization may be necessary. The underlying deed at closing will be notarized regardless; the assignment document itself typically does not need to be.\n",{"question":425,"answer":426},"What happens to the earnest money when a real estate contract is assigned?","The treatment of earnest money must be spelled out in the assignment agreement. Common approaches are: crediting the full deposit to the assignee at closing and reducing the purchase price accordingly; allowing the assignor to retain the deposit as part of or in addition to the assignment fee; or requiring the assignee to deposit new earnest money and having the original deposit returned to the assignor. The title company must receive clear written instructions consistent with both the purchase agreement and the assignment.\n",{"question":428,"answer":429},"Can an LLC or corporation be an assignee in a real estate assignment?","Yes. An LLC, corporation, or other legal entity can be named as the assignee. In fact, assigning to an entity the investor controls is a common strategy for taking title in an LLC for liability protection. When an entity is the assignee, confirm the entity is validly formed, in good standing, and that the signatory has documented authority to bind the entity — the title company will typically require an operating agreement or corporate resolution before closing.\n",{"question":431,"answer":432},"What should I do if the original purchase agreement prohibits assignment?","If the contract contains a clear anti-assignment provision, you have three options: request the seller's written consent and amend the contract to permit the assignment; negotiate a contract amendment that explicitly adds assignment rights; or pursue a double close instead of an assignment. Proceeding with an unauthorized assignment exposes the assignor to breach of contract liability, potential forfeiture of the earnest money deposit, and possible legal action from the seller.\n",[434,438,442,446],{"industry":435,"icon_asset_id":436,"specifics":437},"Residential Real Estate","industry-real-estate","Wholesale investors contract residential properties below market value and assign the purchase agreement to fix-and-flip buyers or landlords before closing, earning a fee without taking title.",{"industry":439,"icon_asset_id":440,"specifics":441},"Commercial Real Estate","industry-commercial-real-estate","Developers assign pre-negotiated commercial purchase contracts to institutional buyers or joint venture partners when equity is sourced after the property is locked up.",{"industry":443,"icon_asset_id":444,"specifics":445},"Real Estate Development","industry-construction","Pre-construction condo and townhome assignments allow original purchasers to transfer their contracts to new buyers before the project completes, with the developer's consent typically required under the purchase agreement.",{"industry":447,"icon_asset_id":448,"specifics":449},"Property Investment and Private Equity","industry-fintech","Portfolio investors use assignment agreements to transfer contracted single-family or multi-family assets between affiliated entities or to outside buyers as part of fund deployment or exit strategies.",[451,454,456,458],{"vs":65,"vs_template_id":452,"summary":453},"","A purchase agreement is the original contract between a seller and buyer that governs the property sale. An assignment of real estate contract transfers the buyer's position in that existing agreement to a new buyer — it does not create a new transaction with the seller. You need a purchase agreement first; the assignment document comes after.",{"vs":235,"vs_template_id":452,"summary":455},"An option agreement gives the buyer the right — but not the obligation — to purchase a property within a set period for a set price. An assignment of contract transfers an existing purchase obligation that the buyer is already bound to complete. Options are useful when the investor is not yet committed; assignments are used once a purchase contract is already signed.",{"vs":250,"vs_template_id":251,"summary":457},"An assignment of lease transfers a tenant's rights and obligations under an existing lease to a new tenant. An assignment of real estate contract transfers a buyer's rights under a purchase agreement. Both involve transferring a position in a contract rather than creating a new agreement, but the underlying document — and the legal requirements — differ significantly between purchase and lease contexts.",{"vs":102,"vs_template_id":452,"summary":459},"A quitclaim deed transfers whatever ownership interest a grantor holds in real property directly to the grantee — it moves title, not contractual position. An assignment of real estate contract transfers the buyer's equitable interest in a purchase agreement before closing; no title has yet been conveyed. A deed is used at or after closing; an assignment is used before.",{"use_template":461,"template_plus_review":465,"custom_drafted":469},{"best_for":462,"cost":463,"time":464},"Experienced wholesale investors assigning residential contracts in states where assignment is permitted and the original purchase agreement allows it","Free","20–30 minutes",{"best_for":466,"cost":467,"time":468},"Investors new to assignment deals, higher-value properties, or transactions where the purchase agreement contains complex contingencies or anti-assignment language requiring a negotiated amendment","$300–$800","1–3 days",{"best_for":470,"cost":471,"time":472},"Commercial property assignments, multi-million dollar deals, cross-state transactions, pre-construction assignments with developer consent requirements, or deals involving entity-to-entity transfers with tax structuring implications","$1,500–$5,000+","1–2 weeks",[474,479,484,489],{"code":475,"name":476,"flag_asset_id":477,"note":478},"us","United States","flag-us","Assignment rights in real estate contracts are governed primarily by state law and the terms of the original purchase agreement. Several states — including California and Florida — have developed specific market practices around wholesale assignments. Some MLS associations in various states have adopted purchase agreement forms containing anti-assignment provisions. Always confirm assignment is permitted under the specific contract form used in the transaction's state. Certain states also require disclosure of the assignment and fee to all parties, and some municipalities have enacted wholesale disclosure or anti-assignment ordinances.",{"code":480,"name":481,"flag_asset_id":482,"note":483},"ca","Canada","flag-ca","Assignment of pre-construction condominiums is a significant and regulated market in Ontario and British Columbia. Ontario introduced assignment disclosure requirements under the Condominium Act, and developers often include assignment restrictions or fees in purchase agreements. Quebec's civil law framework treats contract assignment differently from common law provinces — assignment generally requires the obligor's (seller's) consent to be effective against them. Assignors in Canada may be subject to HST/GST on the assignment fee, and CRA has audited wholesale assignment transactions for unreported income.",{"code":485,"name":486,"flag_asset_id":487,"note":488},"uk","United Kingdom","flag-uk","In England and Wales, contracts for the sale of land are generally assignable unless the contract expressly prohibits it, but formal requirements under the Law of Property (Miscellaneous Provisions) Act 1989 require contracts for the disposition of land to be in writing and signed. Stamp Duty Land Tax (SDLT) implications arise on assignment — the assignee typically pays SDLT on the full purchase price, and the assignment fee itself may also attract SDLT in some circumstances. Scottish property law operates under a separate system where missives (the exchange of formal offer letters) form the binding contract and assignment practice differs from English law.",{"code":490,"name":491,"flag_asset_id":492,"note":493},"eu","European Union","flag-eu","Real estate contract assignment rules vary significantly across EU member states, as real property law is not harmonized at the EU level. In many civil law jurisdictions — including France, Germany, Spain, and Italy — a seller's consent is typically required to assign a purchase obligation to a third party. Transfer taxes, notarial requirements, and registration obligations differ by country and can apply to the assignment transaction itself in addition to the underlying property transfer. GDPR considerations may arise when sharing party data with third-party assignees, particularly in commercial transactions involving personal data of natural persons.",[251,243,495,236,496,497,255,498,499,500,501,502],"offer-to-purchase-real-estate-property-D1190","quitclaim-deed-D394","promissory-note-D434","non-disclosure-agreement-nda-D12692","independent-contractor-agreement-D160","bill-of-sale-D1229","general-power-of-attorney-D1037","letter-of-intent_acquisition-of-business-D5197",{"emit_how_to":197,"emit_defined_term":197},{"primary_folder":97,"secondary_folder":505,"document_type":506,"industry":507,"business_stage":508,"tags":509,"confidence":514},"real-estate-and-leases","agreement","real-estate","all-stages",[507,510,511,512,513],"contract","legal","assignment","property",0.95,"\u003Ch2>What is an Assignment of Real Estate Contract?\u003C/h2>\n\u003Cp>An \u003Cstrong>Assignment of Real Estate Contract\u003C/strong> is a legally binding document that transfers a buyer's rights and obligations under an existing property purchase agreement to a new third-party buyer. The original buyer — the assignor — exits the transaction by selling their equitable interest for an assignment fee, and the incoming buyer — the assignee — steps in to complete the purchase directly with the seller on the terms already negotiated. The document does not create a new sale between the seller and the assignee; it redirects the contractual position established in the original purchase agreement. In wholesale real estate investing, this mechanism allows investors to earn a profit from a contracted property without ever taking title to it.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a written assignment agreement, the transfer of a purchase contract is legally ambiguous — both the assignor and assignee face unclear liability if the deal falls apart, and the title company has no instructions for how to handle the earnest money deposit or disburse the assignment fee at closing. An undocumented or informally arranged assignment can expose the original buyer to ongoing obligations under the purchase agreement even after they believe they have exited the deal. Sellers who were never formally notified of the change can challenge the closing, creating title issues that delay or void the transaction entirely. A properly executed assignment agreement allocates liability between the parties from the moment of transfer, documents the seller's consent where required, and gives the title company clear written instructions to execute a clean closing — protecting the assignor's fee, the assignee's investment, and the integrity of the transaction from contract to close.\u003C/p>\n",1781185915607]