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Assignment of Purchase

An Assignment of Purchase Agreement transfers the rights and obligations under a real estate purchase agreement from an Assignor to an Assignee. The document assigns all of the Assignor's interest in a purchase agreement dated [DATE] for a property sale to the Assignee. It also transfers the duties and obligations under the original agreement to the Assignee, who accepts the assignment. The Assignor represents that the original purchase agreement is valid and enforceable, that they have the authority to make the assignment, and have not previously assigned their interests.

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RaviArryan
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45 views

Assignment of Purchase

An Assignment of Purchase Agreement transfers the rights and obligations under a real estate purchase agreement from an Assignor to an Assignee. The document assigns all of the Assignor's interest in a purchase agreement dated [DATE] for a property sale to the Assignee. It also transfers the duties and obligations under the original agreement to the Assignee, who accepts the assignment. The Assignor represents that the original purchase agreement is valid and enforceable, that they have the authority to make the assignment, and have not previously assigned their interests.

Uploaded by

RaviArryan
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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ASSIGNMENT OF PURCHASE AGREEMENT

THIS ASSIGNMENT OF PURCHASE AGREEMENT (this "Assignment") is dated as of


_______________, 20__, and is entered into by and between ______________________________,
a _______________ ("Assignor"), and ______________________________, a _______________
("Assignee").
A.
Assignor is the purchaser or buyer under that certain [Real Estate Purchase and Sale
Agreement]
dated
_______________,
20__
(the
"Agreement"),
with
______________________________, a _______________, as seller, a true, correct, and complete
copy of which is attached hereto as Exhibit A and incorporated herein by this reference; and
B.
Assignor desires to assign to Assignee all of Assignor's right, title and interest in and
under the Agreement; and Assignee desires to accept such assignment and assume all of Assignor's
duties and obligations thereunder;
NOW, THEREFORE, in consideration of the foregoing and other good and valuable
consideration, receipt of which is hereby acknowledged, Assignor and Assignee agree as follows:
1.
Assignor assigns, transfers and sets over to Assignee all of Assignor's right, title and
interest in and under the Agreement;
2.
Assignee hereby accepts such assignment and assumes and agrees to perform all of
Assignor's duties and obligations arising under the Agreement.
[OPTIONAL - FOR ASSIGNEE:]
3.
Assignor represents and warrants to Assignee that the Agreement is in full force and
effect and has not been modified or amended, either orally or in writing; Assignor is not in default
under the Agreement and the Seller thereunder has no defense, counterclaim or right of setoff against
Assignor; Assignor owned the Buyer's interest under the Agreement and has the right and authority
to make this Assignment, and has not previously assigned, transferred or otherwise encumbered its
rights under the Agreement. Assignor agrees to indemnify and hold Assignee harmless from any and
all loss, liability, cost or expense, including reasonable attorneys' fees suffered or incurred by Assignee
as a result of a breach of any of the foregoing warranties.
KOLER & FITZSIMMONS, P.S.
Law Offices
www.kflawoffices.org

Seattle, WA
(206) 621-6440
rand@kfwlaw.com

Los Angeles, CA
(310) 455-7878
eve@kfwlaw.com

IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be executed as
of the day and year first above written.
ASSIGNOR:

______________________________,
_______________

By
Its

ASSIGNEE:

______________________________,
_______________

By
Its

EXHIBIT:
A

Copy of Agreement

KOLER & FITZSIMMONS, P.S.


Law Offices
www.kflawoffices.org

Seattle, WA
(206) 621-6440
rand@kfwlaw.com

Los Angeles, CA
(310) 455-7878
eve@kfwlaw.com

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