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Updated over 3 years ago on . Most recent reply
A buyer wants the right to assign while retaining liability
In the paragraph on assignability in a purchase agreement the buyer checks the box indicating that she wants to be able to assign the contract while retaining liability under the contract. I don't believe she's a flipper or wholesaler -- just an ordinary buyer. Why would she (or rather her agent) check that box? Should I worry?
Most Popular Reply
That's curious! I'd play ignorant and ask their agent in a sheepish way ("I saw this box was checked and I was thinking that might be an oopsie . . . is your buyer wanting the right to assign this? Oh, interesting! Tell me more . . . "