Wholesaling Assignment Contract - Is this typical?

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Good morning BP,

This weekend I have verbally agreed with a wholesaler to enter into a contact at a set price, lets call it $50k.  I will be seeking renovation financing for this property, so I will need the standard 10-14 day inspection period, and the financing contingency.

I received the Assignment agreement last night and wanted to run the language by some of you seasoned pros out there.

1. States the Buyer (Wholesaler) and Seller names and gives a legal description of the property.

2. "hereby assigns the rights to said contract": My name

3. "In exchange for compensation in the amount of $50k" (agreed upon PP)

4. "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"

5. Signature Line

Here's my questions:

1. OK

2. OK

3. Does this language not sound like I am paying "$50k" for the assignment, and not for the property?

4. How am I to fulfill the terms, conditons, etc. of the Contract when I have yet to see it?

5. OK

6. Has anyone seen a inspection clause and financing clause inserted into the assignment agreement?

I am hoping an experienced wholesaler or buyer can weigh in here and assuage my concerns.

Thanks!