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In a phone call at a law office, a seller named Ricky informs that the buyer wishes to remove himself from a purchase agreement and replace himself with his brother, who qualifies for financing. The speaker explains that under the AUREA contract's signature page, the agreement binds successors, heirs, and assigns, indicating the contract is assignable by default. Although there are certain stipulations regarding assignments not covered in this video, it is generally presumed that rights can be assigned while obligations remain with the original party. Therefore, if the contract is transferred, the original buyer remains responsible if the new purchaser fails to fulfill the obligations.