Forms and language to facilitate assignment

[Wayne Igo]

I would like to get the correct way to structure a sales contract with assignment in Texas.  Assignment may be implied by default but I'm assuming adding " and assigns" after the buyer name is sufficient.  More important to me is structuring the contingencies so that I am released from any obligation to purchase the property should I decide not to buy and can't find any interested investors to take the contract on assignment.  I understand that you have to be careful with the "Special Provisions" section of the TREC contract and stick with the facts.

So, does anyone out there have a contract they could share with me or some guidelines on how to set up the contract to accomplish two objects: 1) assignment and 2) establish sale contingencies.  I am also building the proverbial "Investor List" so any investors who would like go be listed please contact me.  I am also building a wholesale criteria list developed entirely from investor input.  So, if you are an investor and would like to share your deal criteria please do.  My contact information is given below.  If you call my cell, I can't always answer so please leave a voice message.

Wayne Igo

Igo Properties

[email protected]

Phone: 281.723.6619