All Forum Posts by: María Salas

Thanks a lot for all your input. I truly appreciate everyone’s opinion on this topic. The seller’s lawyer is being very skeptical about the and or assign portion of the agreement. According to escrow in Washington state a contract cannot be assigned to a different buyer without an assignment contract signed by all parties. That being said if I want to I assigned the contract the seller would still have to sign even though the original contract says “and or assign” but without the “end or a signed” on the purchase contract is not assignable. 

 This is truly interesting. I appreciate your input on here. Can a related entity be another buyer with whom I have a noncompete agreement? he/she would basically be my venture partner. 

Do all investors use the “and or assign” in their purchasing contracts?

As an investor I think having this clause in the purchasing agreement gives you the extra strategy to assign your rights of buying to another investor. Using and or assign doesn’t mean that mean that your whole plan is to wholesale. I want to hear others option in this topic, since I feel like their is stereotype about “oh if you use and or assign in your agreement must be because your plan is to specifically wholesale”

Thanks for all your comments in advance, I just want to make sure that I am on the right track!