Re: seller’s questions - Posted by Jim IL
Posted by Jim IL on January 19, 2001 at 18:22:50:
Leave an assignment clause in the agreement, but change it a bit.
Take a look at Bronchicks forms for some good language.
You can still have an agreement with an assignment clause in it, but make it so the seller has to give you permission to assign the deal.
Rather than run into problems with the seller not approving an assignee, you can out in language that allows the seller to approve, but no reasonably with hold that approval.
I’ve used this before to get sellers over the edge and sign, and it seems to work.
Just show the seller that you are willing to work with them and answer their concerns and 9 times out of 10 they will come around.
What the seller is really seeking here is re-assurance, so give them some and get the deal.