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Updated over 7 years ago on . Most recent reply

User Stats

34
Posts
7
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Marcel B.
  • Plano, TX
7
Votes |
34
Posts

Need Purchase and Sale Contract w/ "And Or Assigns Clause"

Marcel B.
  • Plano, TX
Posted

Hello. I am brand new to wholesaling and am in search of a good Purchase and Sale Contract w/ "And Or Assigns Clause". I will be doing it mostly in TX and LA so one that works for both states is ideal. I've been looking through the forums but many of the ones I find don't have the clause. Any help will be much appreciated. Thanks

Most Popular Reply

User Stats

70
Posts
65
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Cody Backus
  • Attorney/Investor in Lehi, UT
65
Votes |
70
Posts
Cody Backus
  • Attorney/Investor in Lehi, UT
Replied

Marcel B. , you also do not necessarily have to have a clause per se to make a contract assignable. I would say that there is other language in a contract that can make it assignable without using the exact language "and or assigns" so that you are looking more closely at ALL of the language of an agreement, not just a few specific words. This may help you find more agreements that suit your objectives.

The difference in having good contracts and skimping or not using by tried and tested agreements will make all the difference in your business so be sure to get your hands on some good ones.

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