Assignment of Contract For value received, _____________________________ (Assignor) transfers and assigns to ______________________________(Assignee) the purchase contract on _____________________ City of __________________, State of _________ Zip______________ dated on _______________ between _____________________, as the Original Seller, and _________________, as Original Buyer. The Purchase Contract is being assigned to the Assignee for the nonrefundable amount of ______________ (Assignment Fee). The Assignee hereby assumes and agrees to perform all obligations, responsibilities and accepts all rights of the Assignor under the Purchase Contract and guarantees to hold the Assignor harmless from any claim or demand made there under. Assignee acknowledges the Assignment Fee is nonrefundable except under the following circumstances: 1) The seller declines to sell any time before the expiration of Contract; and/or 2) The title cannot be cleared for sale.
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