Posted by Cas on August 29, 2003 at 17:46:17:
Right on Steve.
Once seller has signed the Purchase Contract which says “and/ or assign”, (without any qualifications), It means that seller agrees to any assignment. Especially if there is no other language in the Contract barring assignment of the contract.
You dont have to have the seller sign another assignment agreement.
However if possible, it may be smart to do so, and as Steve pointed out to get both seller, and the assignee to acknowledge their consent in writing. Not really necessary, but if you can get it, will make your position even stronger.