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Updated about 7 years ago on . Most recent reply

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14
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Harith Naga
  • Los Altos, CA
3
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14
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Seller Lawsuit with an assignee

Harith Naga
  • Los Altos, CA
Posted

As a seller, what risk do I have if i allow a person (assignor) to assign to someone else? More likely to have lawsuits, etc?

Most Popular Reply

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Tom Gimer
  • DMV
3,417
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Tom Gimer
  • DMV
Replied

No risk if the contract provides something similar to this: 

An assignment of this Agreement does not release the buyer from its responsibility for performance of its duties under the Agreement unless the seller so agrees in writing.

Keep buyer1 obligated to close in case buyer2 disappears.

  • Tom Gimer
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Eastern Title & Settlement
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