P&S Agreement w Intent to Sell the Agreement

[Doug Landry]

Hello Community,

So I have a few people who I've been talking to who want to sell their multifamily properties off market. I have verbally agreed to prices and terms and we're discussing taking the next step to put them under agreement. I was thinking of keeping one and selling the contract on the other. My question is, are there any good clauses to include in the P&S so that, if I cannot sell the contract, I can get out of it with little or no damage? What if I put down a $10 deposit, and the contract runs for 30 days...if I haven't closed after 30 days, is the contract nullified and all I lose is the $10? Any advice or sample P&S's with the intent to assign would be a great help. Thanks!

Doug