Posted by Brent_IL on September 19, 2003 at 16:15:14:
Assignability is determined by state law. In most states, a contract is assignable unless the agreement says that it is not assignable, but some states are the other way around. Check the law in your state.
I use “and/or assigns” on the front of the contract, but it is primarily there for the seller’s agent to scratch out. There are two more assignability clauses on the back side of the offer, at least one of which goes unnoticed. I’ve never known it to be a real problem to sellers.