My Wholesale "Assignment of Contract" Form

[Mike C]

I just recently recieved this, and I wanted to know from the experts if this is ok to use? Is there anything I should add or omit? Your thoughts and suggestions are extremely appreciated.

Assignment of Contract
The undersigned Assignor, having executed a contract dated _____________________ between
_____________________________________________________________________________
Assignor
and
_____________________________________________________________________________
Assignee
concerning the property described as:
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________,
hereby assigns all rights to said contract to:
_____________________________________________________________________________
("Assignee")
in exchange for compensation in the amount of _______________________________________.
_____________________________________________________________________________
_____________________________________________________________________________
Assignee agrees to fulfill all terms, conditions, and contingencies of said Contract and to perform as required in good faith and within any time periods established by said Contract this _____day of _____________, 20_____.
____________________________________
Assignor ____________________________________
Witness
____________________________________
Assignee ____________________________________
Witness