Generic And/or Assigns Purchase Contracts

[Austin Faux]

Has anyone ever gotten burned from using a generic and/or assign contract for wholesaling?  I've got a good deal in Arkansas but I live in Colorado, and I want to get it under contract asap.  I'm thinking of just getting it under contract to wholesale (Assign or Double Close) using a generic contract that says the purchase price, escape clauses, 60 day close, and lets me market it, etc.  I just don't want to lose it now that I got a "Yes" in a state I'm not familiar with.  

Any ideas? 

[Bill S.]

@Austin Faux if everyone wants to close, then a napkin works with exactly what you wrote in your post on it. If someone wants out or someone wants to steal the deal from you then even a standard contract won't protect you. I would google or look here on BP and find something that has all the points the seller is interested in and then find someone trustworthy to take the deal from you and take it down.