Posted by Carolyn on May 01, 1999 at 23:34:35:
RE: "As far as your liability for specific performance, it depends on how your purchase contract is worded and what contingencies you have in place."
What kind of wording would be good to use to eliminate or lower liability on assignments? Also since I’ve never done one, how do you go about carrying out an assignment of contract? Do you need an addendum to the original contract or do you put contingencies in the original contract to say that you will be assigning the contract? Do you use a seperate contract for the person you are assigning the property to? Thanks for all the outstanding help. Carolyn