[{"data":1,"prerenderedAt":525},["ShallowReactive",2],{"document-assignment-of-real-estate-contract-and-sale-agreement-D1157":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":181,"customdescription":6,"mdFm":182,"mdProseHtml":524},{"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 AND SALE AGREEMENT This Assignment of Real Estate Contract and Sale Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Lessor\"), 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: [LESSEE NAME] (the \"Lessee\"), 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] RECITALS WHEREAS, Assignor has entered into a certain Real Estate Purchase and Sale Agreement with [NAME] as \"Seller\" and Assignor as \"Buyer\" which Agreement was executed on [DATE], by said Assignor and on [DATE], by said Seller for the purchase and sale of certain real property being, lying and situate in [CITY, STATE/PROVINCE], and more particularly described in said Agreement, copy of said Agreement being attached hereto as Exhibit \"A\"; and,",null,"Assignment of Real Estate Contract and Sale Agreement","2",30,"doc","https://templates.business-in-a-box.com/imgs/1000px/assignment-of-real-estate-contract-and-sale-agreement-D1157.png","https://templates.business-in-a-box.com/imgs/250px/1157.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1157.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Real Estate","/templates/real-estate-business/",{"label":20,"url":21},"Legal Agreements","/templates/business-legal-agreements/","assignment real estate contract sale agreement","Assignment of Real Estate Contract and Sale Agreement Template","https://templates.business-in-a-box.com/imgs/400px/1157.png","https://templates.business-in-a-box.com/imgs/600px/1157.png",[27,16,19],{"label":28,"url":29},"Templates","/templates/",[31,32,33],{"label":28,"url":29},{"label":20,"url":21},{"label":34,"url":35},"Real Estate & Leases","/templates/real-estate-and-leases/",[37,41,45,49,53,57,61,65,68,72,76,80,84,101,118,133,153,168],{"label":38,"url":39,"thumb":40,"extension":10},"Assignment of Real Estate Contract","/template/assignment-of-real-estate-contract-D1158","https://templates.business-in-a-box.com/imgs/250px/1158.png",{"label":42,"url":43,"thumb":44,"extension":10},"Deed of Sale Real Estate Property","/template/deed-of-sale-real-estate-property-D1172","https://templates.business-in-a-box.com/imgs/250px/1172.png",{"label":46,"url":47,"thumb":48,"extension":10},"Real Estate Purchase Agreement","/template/real-estate-purchase-agreement-D13234","https://templates.business-in-a-box.com/imgs/250px/13234.png",{"label":50,"url":51,"thumb":52,"extension":10},"Real Estate Commission Agreement","/template/real-estate-commission-agreement-D13759","https://templates.business-in-a-box.com/imgs/250px/13759.png",{"label":54,"url":55,"thumb":56,"extension":10},"Asset Purchase Agreement For a Real Estate Property","/template/asset-purchase-agreement-for-a-real-estate-property-D930","https://templates.business-in-a-box.com/imgs/250px/930.png",{"label":58,"url":59,"thumb":60,"extension":10},"Real Estate Operating Agreement","/template/real-estate-operating-agreement-D14043","https://templates.business-in-a-box.com/imgs/250px/14043.png",{"label":62,"url":63,"thumb":64,"extension":10},"Offer to Purchase Real Estate Property","/template/offer-to-purchase-real-estate-property-D1190","https://templates.business-in-a-box.com/imgs/250px/1190.png",{"label":62,"url":66,"thumb":67,"extension":10},"/template/offer-to-purchase-real-estate-property-D1189","https://templates.business-in-a-box.com/imgs/250px/1189.png",{"label":69,"url":70,"thumb":71,"extension":10},"Option to Purchase Real Estate Property","/template/option-to-purchase-real-estate-property-D1194","https://templates.business-in-a-box.com/imgs/250px/1194.png",{"label":73,"url":74,"thumb":75,"extension":10},"Agreement to Rescind Contract of Sale","/template/agreement-to-rescind-contract-of-sale-D1165","https://templates.business-in-a-box.com/imgs/250px/1165.png",{"label":77,"url":78,"thumb":79,"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":81,"url":82,"thumb":83,"extension":10},"Active Real Estate Partnership Agreement","/template/active-real-estate-partnership-agreement-D13216","https://templates.business-in-a-box.com/imgs/250px/13216.png",{"description":85,"descriptionCustom":6,"label":86,"pages":87,"size":88,"extension":10,"preview":89,"thumb":90,"svgFrame":91,"seoMetadata":92,"parents":93,"keywords":99,"url":100},"OFFER TO PURCHASE This Offer to Purchase Agreement (the \"Agreement\") is effective [DATE], BEWTEEN: [FIRST PARTY NAME] (the \"Purchaser\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY/INDIVIDUAL NAME] (the \"Vendor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at OR an individual with his principal place of living located at: [COMPLETE ADDRESS] PREAMBLE We, [YOUR COMPANY NAME], hereby offer to purchase from you, the Vendor, upon and subject to the terms and conditions herein, the following immoveable property: [DESCRIBE PROPERTY] (hereinafter collectively referred to as the \"Property\"), as the said Property now subsists, including all equipment, furniture, tools and supplies used in the daily operation and administration of the Property, except to the extent not owned by Vendor. PURCHASE PRICE The total purchase price for the Property (the \"Purchase Price\") shall be the sum of [AMOUNT IN LETTERS] Dollars ([AMOUNT]) allocated as to [AMOUNT IN LETTERS] Dollars ([AMOUNT]) for the Land and [AMOUNT IN LETTERS] ([AMOUNT]) for the buildings, and payable as follows: The amount of [AMOUNT IN LETTERS] ([AMOUNT]) shall be paid by certified check or bank draft at Closing to Vendor's [ATTORNEY/NOTARY/LEGAL REPRESENTATIVE] in trust, to be released to Vendor upon registration of the deed of sale without adverse entries; The amount of [AMOUNT IN LETTERS] ([AMOUNT]) shall be paid by the assumption by the Purchaser of the obligations of the Vendor pursuant to the deed of loan and hypothec between the Vendor and the [LENDER NAME] signed on [DATE], and registered at the registry office for the registration division of [MUNICIPALITY], to the complete exoneration of the Vendor; The amount of [AMOUNT IN LETTERS] ([AMOUNT]) shall be paid by the delivery by the Purchaser to the Vendor of a promissory note in such amount. CLOSING Subject as herein provided, a Deed of Sale giving effect hereto and containing the standard clauses, representations and warranties and hypothec securing the balance of price, shall be executed before Vendor's [ATTORNEY/NOTARY/LEGAL REPRESENTATIVE] at his or her offices and the payment referred to above will be made (the \"Closing\") on [NUMBER] day following the date of delivery by the Purchaser to the Vendor of the Certificate of Location contemplated hereof (the \"Closing Date\") at [TIME], or at such other time and place as may be mutually agreed upon between us. CONDITIONS PRECEDENT TO CLOSING This Offer is made subject to the following conditions, each of which is of the essence hereof: There are no leases, offers to lease, sub-leases or other similar agreements relating to the Property which are currently in force or may come into force prior to the Closing; There are no hypothecs, charges or other encumbrances on the Property other than the hypothec referred to in subsection (b) hereinabove; All service contracts, insurance policies, and other agreements relating to the Property which are currently in force or may come into force prior to the Closing may be cancelled on not more [NUMBER] days' notice without penalty; Within [NUMBER] days of Vendor's acceptance hereof, Vendor will, at its expense, furnish Purchaser with copies of (i) an up-to-date Certificate of Location; (ii) all service contracts, insurance policies, and other agreements relating to the Property which are then in force or may come into force prior to the Closing; (iii) all correspondence, litigation, notices or other documents from any municipal or governmental authority in connection with the Property or work to be done thereon. Purchaser agrees to keep all such information confidential in the event the Closing does not take place. Purchaser and its agents may, at any time prior to Closing, inspect or survey the Property and Vendor shall grant access to Purchaser and its agents for such purpose; Purchaser's legal counsel shall have [NUMBER] days from the date of delivery of the Certificate of Location to review same and to complete their search of title to the Property and to report to Purchaser thereon. If they or Purchaser are not satisfied with the results of such review and/or searches, Purchaser shall have the option to have any title defects so discovered corrected to its satisfaction and that of its counsel, at Vendor's cost and expense, and deduct such cost from the payment of the purchase price hereof, or to cancel the transaction as set out below. In the event that Purchaser is not satisfied with (i) its inspection of the Property, or (ii) its examination of the foregoing documents, or (iii) the results of the title searches, or (iv) if Purchaser should determine for any other reason not to proceed with the transaction contemplated herein, Purchaser shall give Vendor written notice to such effect at any time prior to Closing. Upon delivery of such notice, the deposit referred to in Section (a) above shall be returned to Purchaser with all interest earned thereon, the agreement resulting from Vendor's acceptance hereof shall be terminated and, subject to the obligations of Purchaser concerning confidentiality set forth above, neither party shall be further obligated hereunder.","Offer to Purchase Real Estate Property_Short Form","5",63,"https://templates.business-in-a-box.com/imgs/1000px/offer-to-purchase_real-estate-property_short-form-D1191.png","https://templates.business-in-a-box.com/imgs/250px/1191.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1191.xml",{"title":6,"description":6},[94,96],{"label":17,"url":95},"real-estate-business",{"label":97,"url":98},"Business Checklists","business-checklists","offer to purchase real estate property short form","/template/offer-to-purchase-real-estate-property-short-form-D1191",{"description":102,"descriptionCustom":6,"label":103,"pages":104,"size":105,"extension":10,"preview":106,"thumb":107,"svgFrame":108,"seoMetadata":109,"parents":111,"keywords":110,"url":117},"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","3",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":110,"description":6},"non disclosure agreement nda",[112,114],{"label":20,"url":113},"business-legal-agreements",{"label":115,"url":116},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":119,"descriptionCustom":6,"label":120,"pages":121,"size":122,"extension":10,"preview":123,"thumb":124,"svgFrame":125,"seoMetadata":126,"parents":127,"keywords":131,"url":132},"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},[128],{"label":129,"url":130},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":134,"descriptionCustom":6,"label":135,"pages":104,"size":136,"extension":10,"preview":137,"thumb":138,"svgFrame":139,"seoMetadata":140,"parents":141,"keywords":151,"url":152},"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",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},[142,145,148],{"label":143,"url":144},"Finance & Accounting","finance-accounting",{"label":146,"url":147},"Business Loans","business-loan",{"label":149,"url":150},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":154,"descriptionCustom":6,"label":155,"pages":8,"size":156,"extension":10,"preview":157,"thumb":158,"svgFrame":159,"seoMetadata":160,"parents":161,"keywords":166,"url":167},"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",32,"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},[162,163],{"label":20,"url":113},{"label":164,"url":165},"Deeds","deed","quitclaim deed","/template/quitclaim-deed-D394",{"description":169,"descriptionCustom":6,"label":170,"pages":8,"size":171,"extension":10,"preview":172,"thumb":173,"svgFrame":174,"seoMetadata":175,"parents":176,"keywords":179,"url":180},"WARRANTY DEED This Warranty Deed (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Grantor\"), 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: [GRANTEE NAME] (the \"Grantee\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] For good consideration, Grantor hereby bargain, deed and convey to Grantee the land legally described as [describe], free and clear with Warranty. 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Transfer your buyer rights to a third party before closing. Used in 190+ countries. Free Word and PDF download.","assignment of real estate contract template",[188,189,190,191,192,193,194],"real estate assignment contract template","assignment of purchase agreement template","wholesale real estate assignment contract","assignment of contract real estate word","real estate contract assignment form","assignment and sale agreement template","real estate wholesaling assignment contract",true,{"name":197,"credential":198,"reviewed_date":199},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":201,"legal_review_recommended":195,"signature_required":195,"notarization_required":181},"advanced",{"what_it_is":203,"when_you_need_it":204,"whats_inside":205},"An Assignment of Real Estate Contract and Sale Agreement is a legally binding document that transfers all of the original buyer's rights and obligations under a purchase and sale agreement to a new third-party buyer — the assignee — before the transaction closes. This free Word download gives you a structured, attorney-informed starting point you can edit online and export as PDF for use in wholesaling, investment flips, or any contract assignment scenario.\n","Use it when you have a property under contract and want to transfer your equitable interest to another buyer — typically before closing — in exchange for an assignment fee. It is the core document in real estate wholesaling and is also used in double-close structures, investment partnerships, and estate transactions where the original contracting party cannot or will not proceed to settlement.\n","Identification of assignor, assignee, and the original purchase contract; the assignment fee and payment terms; representations and warranties from both parties; assumption of obligations by the assignee; seller consent provisions; indemnification; and governing law with dispute resolution terms.\n",[207,211,215,219,223,227],{"title":208,"use_case":209,"icon_asset_id":210},"Real estate wholesalers","Transferring a purchase contract to an end buyer for an assignment fee","persona-real-estate-investor",{"title":212,"use_case":213,"icon_asset_id":214},"Property investors","Assigning a favorable contract to a partner or fund before closing","persona-investor",{"title":216,"use_case":217,"icon_asset_id":218},"Real estate attorneys","Formalizing an assignment transaction for a client's investment portfolio","persona-attorney",{"title":220,"use_case":221,"icon_asset_id":222},"Real estate agents and brokers","Facilitating an assignment deal on behalf of an investor client","persona-real-estate-agent",{"title":224,"use_case":225,"icon_asset_id":226},"Estate executors and trustees","Transferring a decedent's or trust's purchase contract rights to a beneficiary or buyer","persona-estate-executor",{"title":228,"use_case":229,"icon_asset_id":230},"Small real estate developers","Assigning land or pre-construction contracts to equity partners or co-developers","persona-developer",[232,235,239,243,247,251,254],{"situation":233,"recommended_template":7,"slug":234},"Wholesaling a residential property to a cash end buyer","assignment-of-real-estate-contract-and-sale-agreement-D1157",{"situation":236,"recommended_template":237,"slug":238},"Transferring a commercial property purchase agreement","Commercial Real Estate Purchase Agreement","real-estate-purchase-agreement-D13234",{"situation":240,"recommended_template":241,"slug":242},"Seller financing the original purchase and buyer wants to assign","Real Estate Land Contract","assignment-of-real-estate-contract-D1158",{"situation":244,"recommended_template":245,"slug":246},"Simultaneously closing two transactions without disclosing the assignment","Real Estate Double-Close Agreement","real-estate-operating-agreement-D14043",{"situation":248,"recommended_template":249,"slug":250},"Buyer withdrawing entirely and seller returning to market","Contract Cancellation Agreement","notice-of-cancellation-of-contract-D450",{"situation":252,"recommended_template":253,"slug":238},"Adding a co-buyer to an existing purchase contract","Addendum to Real Estate Purchase Agreement",{"situation":255,"recommended_template":256,"slug":257},"Transferring ownership after closing rather than before","Deed of Assignment (Real Property)","deed-of-sale-real-estate-property-D1172",[259,262,265,268,271,274,277,280,283,286,289],{"term":260,"definition":261},"Assignor","The original buyer under the purchase and sale agreement who transfers their contractual rights and obligations to the assignee.",{"term":263,"definition":264},"Assignee","The third party who receives the assignor's rights under the purchase agreement and steps into the buyer's position at closing.",{"term":266,"definition":267},"Equitable Interest","The beneficial ownership interest a buyer acquires in a property once a purchase contract is signed — before legal title transfers at closing.",{"term":269,"definition":270},"Assignment Fee","The compensation paid by the assignee to the assignor in exchange for the transfer of contract rights — the wholesaler's profit in a typical deal.",{"term":272,"definition":273},"Non-Assignment Clause","A provision in the original purchase agreement that prohibits the buyer from assigning the contract without the seller's written consent.",{"term":275,"definition":276},"Seller Consent","Written approval from the property seller acknowledging and agreeing to the transfer of the buyer's contractual rights to a new party.",{"term":278,"definition":279},"Assumption of Obligations","The assignee's agreement to take on all of the assignor's duties under the original purchase contract, including the obligation to close on the agreed terms.",{"term":281,"definition":282},"Double Close","An alternative to assignment where the wholesaler actually purchases the property and immediately resells it in a simultaneous second transaction, avoiding disclosure of the assignment fee.",{"term":284,"definition":285},"Earnest Money","A good-faith deposit made by the buyer — and typically held in escrow — that may be at risk if the assignee fails to close on the assigned contract.",{"term":287,"definition":288},"Closing Date","The specific calendar date on which title transfers, funds are disbursed, and all parties complete their contractual obligations under the purchase agreement.",{"term":290,"definition":291},"Indemnification","A contractual obligation by one party to compensate the other for losses or liability arising from a specific event — here, the assignor's breach prior to assignment.",[293,298,303,308,313,318,323,327,332,337],{"name":294,"plain_english":295,"sample_language":296,"common_mistake":297},"Parties and recitals","Identifies the assignor, assignee, original seller, and the property by legal description, and references the original purchase agreement by date and parties.","This Assignment Agreement is entered into on [DATE] by and between [ASSIGNOR FULL NAME] ('Assignor') and [ASSIGNEE FULL NAME OR ENTITY] ('Assignee'). Assignor is the buyer under that certain Purchase and Sale Agreement dated [ORIGINAL CONTRACT DATE] for the property located at [PROPERTY ADDRESS], legally described as [LEGAL DESCRIPTION] ('Property').","Referencing the property by street address only and omitting the legal description. If the address and legal description conflict — as can happen in subdivisions or rural parcels — the contract may describe the wrong property.",{"name":299,"plain_english":300,"sample_language":301,"common_mistake":302},"Assignment and transfer of rights","The operative clause formally transferring all of the assignor's rights, title, and interest under the original purchase agreement to the assignee.","Assignor hereby assigns, transfers, and conveys to Assignee all of Assignor's right, title, and interest in and to the Purchase Agreement, including the right to purchase the Property on the terms set forth therein.","Using permissive language like 'agrees to transfer' rather than the present-tense operative word 'assigns.' Courts have found that prospective assignment language creates an agreement to assign, not an actual assignment.",{"name":304,"plain_english":305,"sample_language":306,"common_mistake":307},"Assignment fee and payment terms","States the dollar amount the assignee pays the assignor for the assignment, when it is due, how it is paid, and whether it is refundable if the deal falls through.","Assignee shall pay Assignor an assignment fee of $[AMOUNT] ('Assignment Fee'), due and payable on [DATE / at closing / upon execution]. The Assignment Fee is [non-refundable / refundable only if Assignor is unable to deliver clear title to the Property].","Failing to specify when and how the assignment fee is paid. An unpaid assignment fee is the most common source of wholesaling disputes — state the exact date, method (wire, check, escrow), and refund conditions.",{"name":309,"plain_english":310,"sample_language":311,"common_mistake":312},"Assumption of obligations","The assignee expressly agrees to perform all remaining obligations of the assignor under the original purchase agreement — including making payments, satisfying contingencies, and closing on the agreed date.","Assignee hereby assumes and agrees to perform all obligations of Assignor under the Purchase Agreement arising from and after the date of this Assignment, including the obligation to close the purchase of the Property on or before [CLOSING DATE] at the purchase price of $[PURCHASE PRICE].","Not specifying whether the assignor is released from liability after the assignment. Without a release, the assignor may remain on the hook to the seller if the assignee defaults.",{"name":314,"plain_english":315,"sample_language":316,"common_mistake":317},"Seller consent","Documents whether the original seller has consented to the assignment in writing, as required if the purchase agreement contains a non-assignment clause.","Seller's written consent to this Assignment is attached hereto as Exhibit A and is incorporated by reference. [ALTERNATIVELY: The Purchase Agreement permits assignment without Seller's consent, and no consent is required hereunder.]","Proceeding with an assignment without checking the original contract for a non-assignment clause. Assigning a contract that prohibits assignment without consent can render the assignment void and expose the assignor to a breach-of-contract claim.",{"name":319,"plain_english":320,"sample_language":321,"common_mistake":322},"Representations and warranties of assignor","The assignor confirms that the original purchase agreement is in full force, that no defaults have occurred, that the earnest money has been paid, and that the assignor has full authority to assign.","Assignor represents and warrants that: (a) the Purchase Agreement is valid, binding, and in full force; (b) Assignor is not in default under the Purchase Agreement; (c) earnest money of $[AMOUNT] has been deposited with [ESCROW HOLDER]; and (d) Assignor has full right and authority to execute this Assignment.","Omitting a warranty that no prior assignments of the same contract have been made. A seller or title company that discovers a prior undisclosed assignment can void the transaction and pursue damages.",{"name":290,"plain_english":324,"sample_language":325,"common_mistake":326},"Each party agrees to hold the other harmless from claims arising from their own breach or pre-assignment acts — the assignor covers pre-assignment issues; the assignee covers post-assignment issues.","Assignor shall indemnify, defend, and hold harmless Assignee from any claims, losses, or liabilities arising from Assignor's acts or omissions prior to the effective date of this Assignment. Assignee shall indemnify, defend, and hold harmless Assignor from any claims arising from Assignee's acts or omissions after the effective date.","Using a one-sided indemnification that only protects the assignee. Assignors remain exposed to claims from sellers or title companies for pre-assignment conduct and need reciprocal protection.",{"name":328,"plain_english":329,"sample_language":330,"common_mistake":331},"Earnest money acknowledgment","Confirms the amount of earnest money already on deposit with the escrow or title company, who holds it, and what happens to it if the assignee fails to close.","The parties acknowledge that earnest money of $[AMOUNT] is currently held by [TITLE COMPANY / ESCROW AGENT NAME] pursuant to the Purchase Agreement. In the event Assignee fails to close, the earnest money shall be forfeited and disbursed per the terms of the Purchase Agreement.","Not addressing earnest money at all in the assignment agreement. When a deal collapses after assignment, both the assignor and assignee may claim the deposit — a clear clause prevents litigation over who bears the loss.",{"name":333,"plain_english":334,"sample_language":335,"common_mistake":336},"Governing law and dispute resolution","Specifies which state or province's law governs the agreement and how disputes are resolved — arbitration, mediation, or court — and in which venue.","This Assignment shall be governed by the laws of the State of [STATE]. Any dispute arising hereunder shall be resolved by binding arbitration administered by [AAA / JAMS] in [CITY, STATE], except claims for injunctive or equitable relief which may be brought in any court of competent jurisdiction.","Selecting a governing law that differs from the jurisdiction where the property is located. Real property transactions are subject to the law of the situs — courts will apply the property's location law regardless of a contrary choice-of-law clause.",{"name":338,"plain_english":339,"sample_language":340,"common_mistake":341},"Entire agreement and amendments","Confirms that this document and the attached original purchase agreement constitute the full agreement between the parties and that modifications must be in writing.","This Assignment, together with the Purchase Agreement attached hereto as Exhibit B, constitutes the entire agreement between Assignor and Assignee with respect to the assignment of the Property. No modification shall be binding unless made in writing and signed by both parties.","Not attaching the original purchase agreement as an exhibit. Without it, the assignment document is incomplete — the assignee has accepted obligations under a contract they cannot prove they received.",[343,348,353,358,363,368,373,378],{"step":344,"title":345,"description":346,"tip":347},1,"Review the original purchase agreement for assignment restrictions","Before drafting the assignment, locate any non-assignment clause in the original purchase contract. If one exists, obtain the seller's written consent before proceeding. Note the closing date, purchase price, earnest money amount, and any contingencies still open.","Request a copy of the title commitment at this stage — a title search may reveal encumbrances that affect the assignee's willingness to proceed.",{"step":349,"title":350,"description":351,"tip":352},2,"Identify and verify both parties","Enter the assignor's full legal name exactly as it appears on the original purchase agreement. Confirm whether the assignee is an individual or an entity — if an entity, use the full registered name and include the state of formation.","Mismatched names between the assignment and the purchase agreement create a title gap that can delay or kill the closing.",{"step":354,"title":355,"description":356,"tip":357},3,"Describe the property with full legal description","Include the street address and the complete legal description from the original contract or title commitment. Do not rely on the address alone — copy the legal description verbatim.","Paste the legal description directly from the county recorder or title commitment to avoid transcription errors.",{"step":359,"title":360,"description":361,"tip":362},4,"Set the assignment fee, payment date, and method","Enter the exact dollar amount of the assignment fee, specify whether it is due at signing or at closing, and state the payment method — wire transfer, cashier's check, or escrow holdback. Include the refund conditions explicitly.","If the assignee is paying the fee through escrow at closing, confirm with the title company that they will handle the disbursement before execution — not every title company will accommodate this.",{"step":364,"title":365,"description":366,"tip":367},5,"Address assumption of obligations and assignor release","Confirm whether the assignor is fully released from obligations to the seller after the assignment is executed, or whether they remain a guarantor if the assignee defaults. Document this clearly in the assumption clause.","Most sellers will not release the assignor unless the assignee is creditworthy or posts additional earnest money — negotiate this before signing.",{"step":369,"title":370,"description":371,"tip":372},6,"Attach the original purchase agreement as an exhibit","Attach a full, signed copy of the original purchase and sale agreement as Exhibit B. Initial each page of the exhibit at signing. Both parties should confirm receipt of the complete exhibit set.","A missing exhibit is the most common reason assignment agreements fail title review. Make attachment and acknowledgment of exhibits a condition to closing.",{"step":374,"title":375,"description":376,"tip":377},7,"Obtain seller consent if required and attach as exhibit","If the purchase agreement contains a non-assignment clause, obtain a written consent letter or addendum from the seller acknowledging the assignment. Attach it as Exhibit A and incorporate it by reference in the assignment agreement.","Get seller consent before marketing the contract to potential assignees — a deal that falls apart at the consent stage after a buyer has been found damages your credibility as a wholesaler.",{"step":379,"title":380,"description":381,"tip":382},8,"Execute, deliver to title, and confirm closing timeline","Both parties sign and date the agreement. Deliver a fully executed copy to the title or escrow company immediately, along with the original purchase agreement and seller consent. Confirm the closing date is still achievable and flag any extension needs at this point.","Send execution copies to all parties — assignor, assignee, and the title company — on the same day. Delays in delivering the executed assignment are a leading cause of closing day surprises.",[384,388,392,396,400,404],{"mistake":385,"why_it_matters":386,"fix":387},"Ignoring a non-assignment clause in the original contract","Assigning a contract that prohibits assignment without seller consent renders the assignment void in most jurisdictions and exposes the assignor to a breach-of-contract claim and potential forfeiture of the earnest money deposit.","Read the original purchase agreement in full before drafting the assignment. If a restriction exists, obtain written seller consent and attach it as an exhibit before executing the assignment.",{"mistake":389,"why_it_matters":390,"fix":391},"Omitting the original purchase agreement as an exhibit","Without the attached purchase agreement, the assignee has no documented record of the terms they assumed. Title companies routinely reject assignments that arrive without the underlying contract.","Attach a fully signed copy of the original purchase and sale agreement as a numbered exhibit and reference it by exhibit letter in the body of the assignment.",{"mistake":393,"why_it_matters":394,"fix":395},"Failing to specify assignment fee payment timing and refund terms","An assignment fee stated only as a dollar amount — with no due date, payment method, or refund condition — generates the most common disputes in wholesaling transactions, especially when deals collapse before closing.","State the exact due date, the payment method, the escrow or wire instructions, and the specific conditions — if any — under which the fee is refundable.",{"mistake":397,"why_it_matters":398,"fix":399},"Selecting a governing law different from the property's location","Real property law is determined by the jurisdiction where the property sits — lex situs. Courts will apply that jurisdiction's law regardless of a conflicting choice-of-law clause, creating confusion and unenforceable terms.","Always set governing law to match the state, province, or country where the property is physically located.",{"mistake":401,"why_it_matters":402,"fix":403},"Not clarifying whether the assignor is released from liability","If the assignee defaults and the assignor has not been explicitly released, the seller can pursue the assignor for the full purchase price or specific performance — a devastating outcome on a wholesale deal where the assignor has moved on.","Include a clear release provision specifying that the assignor is discharged from all obligations under the purchase agreement upon the assignee's assumption, or document that no release is granted and the assignor accepts residual liability.",{"mistake":405,"why_it_matters":406,"fix":407},"Using the property's street address as the only identifier","Street addresses can be changed, duplicated across municipalities, or inconsistent with recorded plat descriptions. A title company that finds a mismatch between the assignment and the county record can hold closing until the discrepancy is resolved.","Include the full legal description — lot, block, subdivision, and recording reference — copied verbatim from the title commitment or county recorder's records.",[409,412,415,418,421,424,427,430,433],{"question":410,"answer":411},"What is an assignment of a real estate contract?","An assignment of a real estate contract is a legal document that transfers the original buyer's rights and obligations under a purchase and sale agreement to a new third-party buyer before the transaction closes. The new buyer — the assignee — steps into the original buyer's position and closes the deal on the same terms. It is the foundational document in real estate wholesaling and is also used in investment partnerships and estate transactions.\n",{"question":413,"answer":414},"Is assigning a real estate contract legal?","In most US states, Canada, and the UK, contract rights are freely assignable unless the original agreement expressly prohibits it. However, several jurisdictions have introduced licensing requirements for real estate wholesalers, and some states treat repeated contract assignments as brokerage activity requiring a license. Always check whether the original purchase agreement contains a non-assignment clause and whether local licensing rules apply before proceeding.\n",{"question":416,"answer":417},"Do I need the seller's permission to assign a real estate contract?","Only if the original purchase agreement contains a non-assignment or anti-assignment clause. If no such restriction exists, the buyer can generally assign without seller consent. In practice, many standard residential purchase forms used by MLS-affiliated agents include assignment restrictions, so reading the original contract carefully is essential. If consent is needed, get it in writing and attach it to the assignment document.\n",{"question":419,"answer":420},"What is an assignment fee in real estate?","An assignment fee is the compensation paid by the assignee to the assignor — the wholesaler — in exchange for the right to step into the purchase contract and buy the property. It represents the wholesaler's profit and is separate from the property's purchase price. Fees typically range from $2,000 to $20,000 on residential deals, though they can be higher on commercial or large-portfolio assignments. The fee must be clearly stated and agreed in the assignment agreement.\n",{"question":422,"answer":423},"What is the difference between an assignment and a double close?","An assignment transfers the original contract to a new buyer who closes directly with the seller — the wholesaler never takes title and the assignment fee is visible to both the seller and the end buyer. A double close involves two separate, sequential transactions: the wholesaler buys the property from the seller and immediately resells it to the end buyer, keeping the spread. Double closes require two sets of closing costs but keep the profit margin confidential. Choose a double close when the seller or end buyer objects to the assignment fee amount being disclosed.\n",{"question":425,"answer":426},"Can a real estate assignment be reversed or cancelled?","Once both parties have executed the assignment, it is generally binding. Cancellation requires mutual written agreement of the assignor and assignee. If the underlying purchase agreement is terminated — for example, due to a failed contingency — the assignment falls away automatically because there are no longer contract rights to transfer. The assignment agreement should specify what happens to the assignment fee if the deal fails to close for any reason.\n",{"question":428,"answer":429},"Does assigning a real estate contract require a real estate license?","This varies significantly by jurisdiction. In the US, most states permit a property owner or buyer to assign their own contract rights without a license. However, several states — including Illinois, Oklahoma, and Georgia — have enacted laws requiring wholesalers to hold a real estate license or disclose their role as a wholesaler. In Canada, provincial real estate legislation governs this activity. Always confirm the current licensing requirements in the property's jurisdiction before marketing contract assignments for a fee.\n",{"question":431,"answer":432},"What happens to the earnest money when a contract is assigned?","The earnest money deposited by the original buyer typically remains in escrow under the terms of the original purchase agreement. The assignment agreement should clearly state who bears the risk of losing the deposit if the assignee fails to close. In most structures, if the assignee defaults, the earnest money is forfeited per the original contract and the assignor may have a separate claim against the assignee for the assignment fee and any additional damages.\n",{"question":434,"answer":435},"Should I use an attorney to prepare an assignment of real estate contract?","For most straightforward residential assignments with modest fees, a high-quality template reviewed by a real estate attorney provides adequate protection. Engage an attorney directly when the assignment fee exceeds $25,000, the property is commercial or multi-family, the original contract has complex contingencies still open, the deal involves a motivated seller situation with title issues, or the transaction crosses state or national borders. A 1–2 hour attorney review typically costs $300–$600 and is worthwhile whenever material sums are at stake.\n",[437,441,445,449],{"industry":438,"icon_asset_id":439,"specifics":440},"Real estate investment","industry-real-estate","Wholesale assignments are the primary exit strategy for investors who identify distressed properties at below-market prices and sell the contract — rather than the property — to fix-and-flip or buy-and-hold buyers.",{"industry":442,"icon_asset_id":443,"specifics":444},"Real estate development","industry-construction","Developers assign pre-construction contracts or land purchase agreements to equity partners or co-developers when financing structures change between contract execution and closing.",{"industry":446,"icon_asset_id":447,"specifics":448},"Estate and trust administration","industry-professional-services","Executors and trustees assign purchase contracts when a decedent or trust had a property under contract at the time of death and a beneficiary or successor buyer will complete the purchase.",{"industry":450,"icon_asset_id":451,"specifics":452},"Commercial real estate brokerage","industry-fintech","Commercial brokers use assignment agreements when an investor client wants to lock up a commercial asset under contract while syndicating equity — the contract is assigned to the newly formed acquisition entity at closing.",[454,457,460,463],{"vs":46,"vs_template_id":455,"summary":456},"real-estate-purchase-agreement-D1160","A purchase agreement is the original contract between the seller and the first buyer, establishing price, terms, and closing date. An assignment of that contract transfers the buyer's position to a new party — it does not create a new purchase agreement. You need an existing purchase agreement before you can execute an assignment.",{"vs":256,"vs_template_id":458,"summary":459},"D{DEED_OF_ASSIGNMENT_ID}","A deed of assignment transfers legal title to real property after closing — it is a conveyancing instrument recorded in the public land registry. An assignment of a purchase contract transfers the right to buy the property before closing, not ownership of the property itself. These are different documents used at different stages of the transaction.",{"vs":245,"vs_template_id":461,"summary":462},"D{DOUBLE_CLOSE_ID}","A double-close involves two sequential purchase transactions in which the wholesaler actually takes title and immediately conveys it to the end buyer, requiring two sets of closing documents. An assignment avoids a double close by transferring the contract directly, but it discloses the assignment fee to all parties. Choose an assignment for simplicity and lower cost; choose a double close for fee confidentiality.",{"vs":464,"vs_template_id":465,"summary":466},"Contract Addendum / Amendment","D{CONTRACT_ADDENDUM_ID}","An addendum or amendment modifies terms of the original purchase agreement — price, closing date, contingencies — while keeping the same buyer in place. An assignment replaces the buyer entirely while keeping the original terms intact. Use an addendum to change deal terms; use an assignment to change who is buying.",{"use_template":468,"template_plus_review":472,"custom_drafted":476},{"best_for":469,"cost":470,"time":471},"Experienced wholesalers and investors handling straightforward residential assignments with assignment fees under $25,000","Free","30–60 minutes",{"best_for":473,"cost":474,"time":475},"First-time wholesalers, transactions with fees above $25,000, deals with open contingencies, or any deal involving seller consent requirements","$300–$600","1–3 days",{"best_for":477,"cost":478,"time":479},"Commercial property assignments, multi-million-dollar deals, cross-border transactions, or assignments involving title defects or probate complications","$1,500–$5,000+","1–2 weeks",[481,486,491,496],{"code":482,"name":483,"flag_asset_id":484,"note":485},"us","United States","flag-us","Contract assignment rights are governed by state law and vary materially. California, Illinois, Georgia, and Oklahoma have enacted wholesaling disclosure or licensing requirements that may apply to repeated assignment activity. Several states' standard MLS purchase forms include anti-assignment clauses by default, making seller consent the norm rather than the exception. Confirm applicable licensing rules in the property's state before marketing any contract for assignment.",{"code":487,"name":488,"flag_asset_id":489,"note":490},"ca","Canada","flag-ca","Assignment of purchase contracts — particularly for pre-construction condominiums — became heavily regulated in Ontario following the Trust in Real Estate Services Act (TRESA) and the federal government's application of GST/HST to assignment sales of new residential properties. British Columbia introduced assignment disclosure requirements under the Real Estate Development Marketing Act. Quebec's Civil Code permits assignment of contractual rights but requires the assignor to give notice to the debtor — in real estate, this means the seller — before the assignment is effective.",{"code":492,"name":493,"flag_asset_id":494,"note":495},"uk","United Kingdom","flag-uk","Under English and Welsh law, the benefit of a contract is assignable at common law unless the agreement restricts it; the burden cannot be assigned without the counterparty's consent. Novation — where the seller releases the original buyer and accepts the new buyer — is the preferred mechanism when the original buyer wishes to be fully released. In Scotland, assignation of a personal contract requires the other party's consent, and real property transactions are governed by the Scots law concept of disposition rather than assignment.",{"code":497,"name":498,"flag_asset_id":499,"note":500},"eu","European Union","flag-eu","EU member states generally permit assignment of contractual rights under their respective civil codes, but many require notification to the obligor — the seller — for the assignment to be effective against them. Germany, France, and Spain each have mandatory pre-sale disclosure requirements for real property transactions that may interact with assignment structures. GDPR compliance is relevant when assignor and assignee exchange personal data about the seller or property occupants as part of the due diligence process.",[238,502,503,246,504,505,506,507,508,509,510,511],"offer-to-purchase-real-estate-property-D1190","offer-to-purchase-real-estate-property-short-form-D1191","non-disclosure-agreement-nda-D12692","independent-contractor-agreement-D160","promissory-note-D434","quitclaim-deed-D394","warranty-deed-D993","purchase-order-D1411","joint-venture-agreement-D889","escrow-agreement-D1173",{"emit_how_to":195,"emit_defined_term":195},{"primary_folder":113,"secondary_folder":514,"document_type":515,"industry":516,"business_stage":517,"tags":518,"confidence":523},"real-estate-and-leases","agreement","real-estate","all-stages",[516,519,520,521,522],"contract","assignment","sales-agreement","property-transfer",0.95,"\u003Ch2>What is an Assignment of Real Estate Contract and Sale Agreement?\u003C/h2>\n\u003Cp>An \u003Cstrong>Assignment of Real Estate Contract and Sale Agreement\u003C/strong> is a legally binding document that transfers the original buyer's contractual rights and obligations under a purchase and sale agreement to a new third-party buyer — the assignee — before the transaction closes. Rather than creating a new contract with the seller, the assignment steps a replacement buyer into the original buyer's exact position, preserving the agreed purchase price, closing date, and remaining contingencies. It is the foundational instrument in real estate wholesaling and is also used in investment partnerships, estate administrations, and pre-construction condo flips where the original contracting party cannot or chooses not to proceed to settlement.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a properly drafted assignment agreement, transferring your contract rights to another buyer exposes every party to serious risk. The assignee has no documented record of the terms they assumed, the title company has no instrument to review at closing, and disputes over the assignment fee — including whether it is owed, when it is due, and whether it survives a failed closing — have no written resolution mechanism. Sellers who discover an undocumented assignment may void the original contract and pursue the assignor for breach. Courts in several states have held that informal or verbal assignment arrangements create no enforceable transfer. A complete assignment agreement — attaching the original purchase contract, documenting seller consent where required, and clearly allocating earnest money risk — eliminates all of these gaps and gives every party a clear record of their rights and obligations from execution through closing.\u003C/p>\n",1781185915605]