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i received a phone call at the law office seller says uh ricky the buyer wants to delete himself from the agreement and insert his brother in his place because his brother calls for qualifies for financing and the original buyer doesn't now for all of you out there your agreement of purchase and sale if you're using the aurea contract on the signature page it says this offer or this agreement rather shall bind your successors errors and assigns which by default suggests that the contract is assignable now there are certain stipulations which we're not going to get into this video but the default presumption is that you can assign your contracts now when you're signing what are you doing you're assigning your rights and obligations to the contract the legal presumption is you can assign your rights not your obligations which means that if the transfer of the contract occurs the original person who transferred the contract would be on hook in the event that the new purchaser could not c...
