Options agreements

[Wayne Igo]

Wholesaling is usually done with contract assignment but it can also be facilitated with options agreements where the potential buyer pays the seller a fee to give the buyer the option, but not the obligation, to purchase the target property for X dollars and before a specified date.  

I want to find out more about using options.  Is there anyone out there who "knows" the correct way to use options?  Especially how to setup the "assignment" language so the option can be transferred to another investor.