This Assignment of Purchase and Sale Agreement will effectively assign an existing Purchase and Sale Agreement to another party for a set purchase price. This assignment sets forth the date of the original agreement, legal description of the property being purchased and original purchase price. It also sets forth the assignment amount and terms which will apply in the event the purchase agreement is terminated. It is imperative that this assignment be clearly set forth in writing. A written Assignment of Purchase and Sale Agreement will prove invaluable in the event of disagreements, misunderstandings or litigation between the parties.

This Assignment of Purchase and Sale Agreement includes the following:

• Parties: Sets forth the names of the assignor and assignee;
• Purchase Agreement: Sets out the date and seller in the original purchase agreement, legal description and address of the property and the original purchase price;
• Assignment: Assignor assigns all right and title in the purchase agreement, the effective date of the assignment and purchase price for the assignment of the agreement;
• Signatures: Both assignor and assignee must sign this document in front of witnesses.

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This attorney-prepared packet contains:

1. General Instructions
2. Assignment of Purchase and Sale Agreement

State Law Compliance: This form complies with the laws of all states