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Assignment of Contract BULL Forms Texas

Assignment of Contract BULL Forms Texas

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so on the last video we went over the purchase and sales agreement today we're going to go over the agreement to assign the contract so this is the contract between you and your end buyer um so we start with the property address uh the agreement is made by you so you are the assigner your name your llc and the assignee is the end buyer the cash buyer most important part a signee shall pay the assigner a non-refundable assignment fee of the difference of the price between the original contract so the purchase and sales agreement we got it for 200 000 we're gonna get this for two hundred and ten thousand and you're due that assignment fee of ten thousand dollars to you second most important part is make sure that it's a non-refundable earnest money deposit that means it can be one thousand it can be five thousand it can be ten thousand uh this means if they're not able to close on this property they owe you that amount um the third important part here is that the assignment contract is n

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