[{"id":"72d09293-eeb1-4fb7-8060-8bf1a796f211","order":1,"text":"ASSIGNMENT OF REAL ESTATE PURCHASE AND SALE AGREEMENT","fontSize":"20","textAlign":"center","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"adb11252-6334-4029-950c-15f82fbab56c","order":2,"text":"(Assignment of an Equitable Interest in a Contract to Purchase Real Property)","fontSize":"14","textAlign":"center","bold":false,"underline":false,"marginBottom":"26","cflou":false,"active":true},{"id":"6b16a100-7db6-4614-a023-e8e84675e8f0","order":3,"text":"This Assignment of Real Estate Purchase and Sale Agreement (this "Assignment") is made and entered into as of [Effective Date] (the "Effective Date"), by and between:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"eb2a2ac5-80a4-435a-a27d-a00451fc2065","order":4,"text":"ASSIGNOR","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"a7a37f44-2497-4a6b-ba5c-507f1b9f30e6","order":5,"text":"[Full legal name of the Assignor], an individual whose address is [Street address], [City, State and ZIP code], electronic mail [Email address] (the "Assignor");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"6ac4b9f5-6ece-4215-9465-9e2b910d2748","value":"individual","type":"add","operator":"="}]},{"id":"9db29421-ba06-4641-b350-cf7384406dd4","order":6,"text":"[Full legal name of the Assignor], [Assignor's entity type and state of organization], whose principal address is [Street address], [City, State and ZIP code], electronic mail [Email address], acting by [Name of the person signing for the Assignor], its [Title of the person signing for the Assignor] (the "Assignor");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"6ac4b9f5-6ece-4215-9465-9e2b910d2748","value":"entity","type":"add","operator":"="}]},{"id":"eab9e636-664c-496d-bf33-d4f2adeb9e66","order":7,"text":"ASSIGNEE","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"a7bdc928-9c14-4cab-adcf-e5743f7aa1f0","order":8,"text":"[Full legal name of the Assignee], an individual whose address is [Street address], [City, State and ZIP code], electronic mail [Email address] (the "Assignee").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"45d779cf-4e26-4210-906a-f967d51c6fd2","value":"individual","type":"add","operator":"="}]},{"id":"1f2d3248-488e-4a93-b7e2-d75ed7a4f184","order":9,"text":"[Full legal name of the Assignee], [Assignee's entity type and state of organization], whose principal address is [Street address], [City, State and ZIP code], electronic mail [Email address], acting by [Name of the person signing for the Assignee], its [Title of the person signing for the Assignee] (the "Assignee").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"45d779cf-4e26-4210-906a-f967d51c6fd2","value":"entity","type":"add","operator":"="}]},{"id":"229b55d3-dcb1-456c-8b10-4aa1d41b43f1","order":10,"text":"The Assignor and the Assignee are referred to in this Assignment individually as a "Party" and together as the "Parties".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"18","cflou":false,"active":true},{"id":"b180956d-410a-474d-b101-7a5cd91079d5","order":11,"text":"RECITALS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10"},{"id":"4e503581-2342-4688-a7e6-7b021c727b8d","order":12,"text":"WHEREAS, by a written purchase and sale agreement dated [Date of the Original Contract], together with every addendum, amendment and exhibit to it (the "Original Contract"), [Full legal name of the Seller] (the "Seller"), as seller, agreed to sell and the Assignor, as buyer, agreed to purchase the real property commonly known as [Street address of the Property], [City, State and ZIP code], situated in [County] County (the "Property"), for a purchase price of USD [Purchase price];","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"10cca5c7-2a4d-4d61-b182-37561e83417e","order":13,"text":"WHEREAS, the Property is further identified by assessor's parcel number [Assessor's parcel number] and by the legal description set out in the exhibit to this Assignment;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ad97f481-0eb0-4d57-b58a-8de1339e45d1","order":14,"text":"WHEREAS, the Original Contract is in full force and effect and, under it, the Assignor holds an equitable interest in the Property as buyer, the Assignor being neither the owner of record of the Property nor the holder of legal title to it;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1b5c1f02-e145-4206-8102-fa5f6565f194","order":15,"text":"WHEREAS, the Assignor wishes to assign to the Assignee all of the Assignor's right, title and interest in, to and under the Original Contract, and the Assignee wishes to accept that assignment and to assume the obligations of the buyer under the Original Contract, on the terms set out below;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"61083c6b-cb06-4ea2-b770-2cb8aea7f0f5","order":16,"text":"WHEREAS, the Assignee confirms that it has received a complete copy of the Original Contract and has had the opportunity to review it with advisors of its own choosing;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"041da016-bb6f-4d46-a193-9cda908c831c","order":17,"text":"NOW, THEREFORE, in consideration of the mutual covenants set out below, the payment of the assignment fee referred to below and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the Parties agree as follows:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"da1280d9-b05c-42f0-9379-518d3478d4fe","order":18,"text":"1. DEFINITIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S01"},{"id":"9725f0df-db1a-4fa2-a0a1-241340e5f9e4","order":19,"text":"In this Assignment the following terms have the meanings given to them below. Terms defined elsewhere in this Assignment have the meanings there given to them, and the terms "Assignment", "Effective Date", "Original Contract", "Party", "Parties", "Property" and "Seller" have the meanings given to them above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c547b48e-27a8-4207-a840-b51621e71ffe","order":20,"text":""Assignment Fee" means the consideration payable by the Assignee to the Assignor for the assignment made by this Assignment, in the amount stated in the Article entitled "ASSIGNMENT FEE".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6781c622-d1f6-4be4-a529-d9e253a7e8bd","order":21,"text":""Business Day" means a day other than a Saturday, a Sunday or a federal public holiday in the United States on which banks are generally open for business in the state in which the Property is located. Where a period expressed in days expires on a day that is not a Business Day, it is extended to the next Business Day.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5a423b8a-d703-499d-887b-7163404e41c5","order":22,"text":""Closing" means the completion of the purchase of the Property by the Assignee from the Seller under the Original Contract, including the recording of the deed and the disbursement of the purchase funds.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a38d9d53-5c6a-4733-835c-0318afacb9b1","order":23,"text":""Closing Date" means the date on or before which the Closing must occur under the Original Contract, being [Closing date under the Original Contract], as that date may be extended in accordance with the Original Contract.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b7e0d174-8015-4dbb-85d2-f4a246b9e001","order":24,"text":""Earnest Money" means the earnest money deposit made by the Assignor and held in escrow under the Original Contract.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"929e407e-a717-463b-9d41-98662beffcb4","order":25,"text":""Escrow Agent" means [Name of the title or escrow company], of [Address of the title or escrow company], acting under escrow or file number [Escrow or file number], or any successor escrow or closing agent appointed under the Original Contract.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8e49b721-f371-4bb7-a8d1-30dcea70108f","order":26,"text":"2. ASSIGNMENT AND ASSUMPTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S02"},{"id":"06003184-661c-4ae2-a17a-e68b5db5ba84","order":27,"text":"Assignment. With effect from the Effective Date, the Assignor assigns, transfers, conveys and sets over to the Assignee all of the Assignor's right, title, interest, benefit and equitable interest in, to and under the Original Contract, including the right to purchase the Property on the terms of the Original Contract and the right to receive every credit, adjustment, allowance or refund payable to the buyer under it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3e2477f5-76f5-4c60-9401-c312bd04f456","order":28,"text":"Assumption. The Assignee accepts that assignment and assumes, and undertakes to perform, pay and discharge when due, every duty, obligation and liability of the buyer under the Original Contract arising on or after the Effective Date, including the obligation to pay the purchase price and every closing cost allocated to the buyer.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"98751b67-e521-443d-9db3-f9d37a8410a0","order":29,"text":"Nature of the interest assigned. The Assignor assigns its contractual and equitable rights only. This Assignment does not convey, and must not be construed as conveying, legal title to the Property, which remains vested in the Seller until the Closing. The Assignee will acquire title to the Property, if at all, only by conveyance from the Seller at the Closing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1e3a8fa2-3b1d-453d-9924-638556170c98","order":30,"text":"No amendment of the Original Contract. Nothing in this Assignment amends, modifies or waives any term of the Original Contract as between the Seller and the buyer under it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f1ae5a4d-668a-419f-8018-d86c1094670d","order":31,"text":"Consent of the Seller. The Original Contract requires the written consent of the Seller to an assignment of the buyer's interest. That consent is dealt with in the Article entitled "CONSENT OF THE SELLER".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"ad5ffbb3-ba35-4b6f-9024-b8d1978d9939","value":"consent","type":"add","operator":"="}]},{"id":"d7ae8f1b-8740-423b-9ed2-1f0b32770be0","order":32,"text":"Assignability. The Original Contract permits the buyer to assign its interest without the consent of the Seller, and no consent of the Seller is required for this Assignment to take effect. The Assignor shall nevertheless give the Seller and the Escrow Agent written notice of this Assignment, together with a copy of it, promptly after the Effective Date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"ad5ffbb3-ba35-4b6f-9024-b8d1978d9939","value":"noconsent","type":"add","operator":"="}]},{"id":"b8649634-8eb4-4e0e-b723-7b8d71715ef2","order":33,"text":"Continuing liability of the Assignor. This Assignment operates as an assignment and an assumption and not as a novation of the Original Contract. Unless the Seller expressly releases the Assignor in writing, the Assignor remains liable to the Seller for the obligations of the buyer under the Original Contract. As between the Parties, the Assignee is solely responsible for those obligations from and after the Effective Date, and the indemnity given by the Assignee in the Article entitled "INDEMNIFICATION" extends to them.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e8bd575d-0893-4b92-8353-4ece3519d93a","order":34,"text":"3. CONSENT OF THE SELLER","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"ad5ffbb3-ba35-4b6f-9024-b8d1978d9939","value":"consent","type":"add","operator":"="}],"marginTop":"26","sectionNum":"S03"},{"id":"b585ea3a-034d-4e27-bd7d-18281ad353a0","order":35,"text":"Condition. This Assignment is conditional upon, and takes effect only upon, the written consent of the Seller, which the Seller gives by signing the consent endorsed at the end of this Assignment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"ad5ffbb3-ba35-4b6f-9024-b8d1978d9939","value":"consent","type":"add","operator":"="}]},{"id":"191eafb4-dfc3-4231-b3cd-14c45ed3e918","order":36,"text":"Effect of the consent. By consenting, the Seller acknowledges that the Assignee is substituted as the buyer under the Original Contract for all purposes of the Closing and agrees to convey the Property to the Assignee at the Closing in accordance with the Original Contract. The consent does not release the Assignor from its obligations to the Seller under the Original Contract unless the Seller expressly states in writing that it does.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"ad5ffbb3-ba35-4b6f-9024-b8d1978d9939","value":"consent","type":"add","operator":"="}]},{"id":"72f77bcc-a0f8-4981-a4b2-417dbaa4c264","order":37,"text":"Failure to obtain the consent. If the written consent of the Seller is not obtained on or before the Closing Date, this Assignment terminates automatically, every sum paid by the Assignee to the Assignor on account of the Assignment Fee is refunded to the Assignee in full within five (5) Business Days, and neither Party has any further liability to the other under this Assignment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"ad5ffbb3-ba35-4b6f-9024-b8d1978d9939","value":"consent","type":"add","operator":"="}]},{"id":"412137b3-977d-4fdf-8c2a-280eaf93c3a5","order":38,"text":"4. ASSIGNMENT FEE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S04"},{"id":"166d5fd0-79df-466d-bc0c-a8e4959bd008","order":39,"text":"Amount. In consideration of the assignment made by this Assignment, the Assignee shall pay to the Assignor an assignment fee of USD [Assignment fee] (the "Assignment Fee").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5bfe02f4-26f9-48ad-be56-435812952c10","order":40,"text":"Payment at the Closing. The Assignment Fee is payable in full at the Closing, in immediately available funds, through the Escrow Agent. The Parties instruct the Escrow Agent to show the Assignment Fee as a debit to the Assignee and a credit to the Assignor on the settlement statement and to disburse it to the Assignor at the Closing. No part of the Assignment Fee is payable before the Closing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"aea766c6-1a4e-4414-839e-4e41b48f4839","value":"closing","type":"add","operator":"="}]},{"id":"bbc197b1-7683-4356-a2c4-b9ba76524a2b","order":41,"text":"Deposit on signing. The Assignee shall pay to the Assignor, on the execution of this Assignment, a non-refundable deposit of USD [Deposit payable on signing] on account of the Assignment Fee (the "Fee Deposit").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"aea766c6-1a4e-4414-839e-4e41b48f4839","value":"split","type":"add","operator":"="}]},{"id":"cd967b3f-f15d-44a6-8718-904362e45bbb","order":42,"text":"Balance at the Closing. The Fee Deposit is earned by the Assignor on receipt and is not refundable, except where this Assignment expressly provides otherwise, and it is credited against the Assignment Fee at the Closing. The Assignee shall pay the balance of the Assignment Fee at the Closing, in immediately available funds, through the Escrow Agent, which the Parties instruct to show that balance as a debit to the Assignee and a credit to the Assignor on the settlement statement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"aea766c6-1a4e-4414-839e-4e41b48f4839","value":"split","type":"add","operator":"="}]},{"id":"26ded2a1-f10b-4ee7-a7ec-1fbfcd214ad6","order":43,"text":"Refund of the Fee Deposit. The Fee Deposit is nevertheless refunded to the Assignee in full, within five (5) Business Days of the event, where the Original Contract terminates before the Closing in a circumstance described in the Article entitled "TERMINATION, CASUALTY AND FORCE MAJEURE".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"aea766c6-1a4e-4414-839e-4e41b48f4839","value":"split","type":"add","operator":"="}]},{"id":"d83083e8-5290-45a0-b14d-b1d412292c45","order":44,"text":"No reduction. The Assignment Fee is payable in addition to, and forms no part of, the purchase price payable to the Seller under the Original Contract. It is not reduced by any adjustment, proration, credit, repair allowance or other concession agreed between the Assignee and the Seller.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6b2f44da-69a0-494f-a408-562f2f6d8b5e","order":45,"text":"Taxes and reporting. Each Party is responsible for its own taxes arising from this Assignment, and the Assignor is responsible for reporting the Assignment Fee as its own income. Neither Party makes any representation to the other as to the tax treatment of this Assignment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"04fd1027-c5b7-458b-bec3-b1484d990a6e","order":46,"text":"5. DISCLOSURE OF THE ASSIGNMENT FEE TO LENDERS, TITLE AND SETTLEMENT AGENTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S05"},{"id":"b21ba6de-f945-481f-af8b-f0050427ea8f","order":47,"text":"Full disclosure required. The Parties shall disclose the existence and the amount of the Assignment Fee to the Escrow Agent, to the title insurer and to every lender providing financing to the Assignee for the purchase of the Property, and shall procure that the Assignment Fee appears on the settlement statement or closing disclosure issued for the Closing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"020e2440-6e77-49f4-a3ee-6243610e806e","order":48,"text":"No undisclosed side agreement. Neither Party may enter into a side agreement, rebate, credit, repair allowance or other arrangement relating to the Property or to the Assignment Fee that is not disclosed on the settlement statement or closing disclosure. Each Party acknowledges that concealing such an arrangement from a lender or from a title insurer may constitute fraud and may expose it to civil and criminal liability.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6ce904f4-d14a-4ed9-851f-e86365e9df20","order":49,"text":"Cooperation with the lender and the title insurer. The Assignor shall provide, promptly on request, a copy of this Assignment, a completed Internal Revenue Service Form W-9 and such other information as the Escrow Agent, the title insurer or a lender of the Assignee reasonably requires in order to close the transaction and to report the Assignment Fee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"723e7bc6-3deb-4748-b282-e2f4117fdddd","order":50,"text":"Tax reporting. The Parties acknowledge that the Escrow Agent may be required to report the payment of the Assignment Fee to the Internal Revenue Service, and each Party shall provide the taxpayer identification information required for that purpose.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"57712703-a2d4-4663-92d0-d03985ba50f4","order":51,"text":"Settlement statement. Each Party is entitled to receive from the Escrow Agent a copy of the final settlement statement or closing disclosure issued for the Closing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"38c8e033-8706-4fe0-b62b-4b2976bccd6e","order":52,"text":"6. EARNEST MONEY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S06"},{"id":"70dbb243-ce4a-4b5e-9be5-a5ef1b3b8964","order":53,"text":"Existing deposit. The Assignor has deposited with the Escrow Agent earnest money of USD [Earnest money already deposited] under the Original Contract.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"83fe7678-ba6e-4bb7-8e35-bf7c1f347c14","order":54,"text":"Assignment and reimbursement of the deposit. The Assignor assigns to the Assignee all of the Assignor's right, title and interest in the Earnest Money, and the Assignee shall reimburse the Assignor the amount of the Earnest Money at the Closing, through the Escrow Agent, in addition to the Assignment Fee. The Parties instruct the Escrow Agent to hold the Earnest Money to the credit of the Assignee under the Original Contract from and after the Effective Date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"f5c54888-2cd7-4e6c-92d2-95b8b28c969e","value":"assign","type":"add","operator":"="}]},{"id":"e8441879-3078-4ccb-a9c8-818b935ca3e8","order":55,"text":"Replacement deposit. The Assignee shall deposit with the Escrow Agent, within three (3) business days after the Effective Date, replacement earnest money of USD [Replacement earnest money], to be held under the Original Contract to the credit of the Assignee. Once that deposit has been made, the Parties instruct the Escrow Agent to refund the Earnest Money to the Assignor, and the Assignor's interest in the Earnest Money is not assigned by this Assignment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"f5c54888-2cd7-4e6c-92d2-95b8b28c969e","value":"replace","type":"add","operator":"="}]},{"id":"9ddd6cf7-8deb-46d1-b9a7-8e12b0dc75a5","order":56,"text":"Option and termination fees. Any option fee, termination option fee or other independent consideration paid by the Assignor to the Seller under the Original Contract is neither refundable to the Assignor nor reimbursed by the Assignee, unless the Parties agree otherwise in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ca6b2a9a-bcbf-41f0-9b6e-3f6d71ba10d8","order":57,"text":"Risk of forfeiture. From and after the Effective Date, the earnest money held under the Original Contract is at the risk of the Assignee. The Assignor is not liable to the Assignee for the forfeiture of that money to the Seller where the forfeiture results from an act or omission of the Assignee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"70dc4a3c-88a8-42a7-83bd-3a4a9dd059b2","order":58,"text":"7. STATUS OF THE ORIGINAL CONTRACT; CONTINGENCY PERIODS AND ACCESS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S07"},{"id":"f46a2f89-10f6-4958-8b63-553e07e4a664","order":59,"text":"Contingency periods expired. The Assignor confirms that every inspection, option, feasibility, financing and due diligence period available to the buyer under the Original Contract has expired or has been waived, that the earnest money is no longer refundable to the buyer except as the Original Contract otherwise provides, and that the Assignee takes the Original Contract subject to that position.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"90341607-3c4f-4a14-b8ff-60e3ebf4f3a9","value":"expired","type":"add","operator":"="}]},{"id":"9063a1b1-8032-4edd-9397-30713226b025","order":60,"text":"Contingency period still running. A contingency period available to the buyer under the Original Contract is still running and expires on [Expiry date of the contingency period]. From the Effective Date the Assignee alone decides whether to exercise, waive or allow that right to lapse, and shall notify the Assignor of its decision in writing no later than two (2) Business Days before that date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"90341607-3c4f-4a14-b8ff-60e3ebf4f3a9","value":"running","type":"add","operator":"="}]},{"id":"5af9ebed-b7fe-4e62-8a11-fb9deaf74b77","order":61,"text":"Exercise of the contingency by the Assignee. If the Assignee terminates the Original Contract in the exercise of that right, this Assignment terminates at the same time, the earnest money is dealt with in accordance with the Original Contract, and any sum already paid to the Assignor on account of the Assignment Fee is retained by the Assignor, unless the Parties agree otherwise in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"90341607-3c4f-4a14-b8ff-60e3ebf4f3a9","value":"running","type":"add","operator":"="}]},{"id":"51710a21-40a7-4d7e-b9f1-5ca34af6e9f4","order":62,"text":"No termination by the Assignor. The Assignor shall not exercise any right of termination, extension or amendment available to the buyer under the Original Contract without the prior written consent of the Assignee, and shall not encumber or otherwise interfere with the Original Contract after the Effective Date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2ef8e610-ca7b-4267-a93a-65efd0d15d2e","order":63,"text":"Delivery of notices received. The Assignor shall deliver to the Assignee, within one (1) Business Day of receipt, a copy of every notice, demand or communication it receives from the Seller, from the Escrow Agent or from the title insurer concerning the Original Contract or the Property.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"95dca79c-8091-4239-8cb0-6fa410be7dc9","order":64,"text":"Access to the Property. Any access to the Property before the Closing is governed by the Original Contract and is at the sole risk of the Assignee. The Assignee shall repair any damage caused by it or by a person entering at its request, shall keep the Property free of any lien arising from that entry, and shall maintain commercial general liability insurance with limits of not less than USD 1,000,000 per occurrence covering that entry, naming the Assignor as an additional insured on request.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"97e028a7-5951-460f-bf49-afe191088e94","order":65,"text":"8. CLOSING","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S08"},{"id":"98922596-eb01-4440-ac36-4d1e8843ec4c","order":66,"text":"Time of the essence. Time is of the essence of this Assignment. The Assignee shall complete the purchase of the Property from the Seller on or before the Closing Date in accordance with the Original Contract, and shall pay the purchase price and every closing cost allocated to the buyer under the Original Contract.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d353cdbe-c236-4bdd-b3fd-356b2b24651b","order":67,"text":"Escrow and cooperation. The Closing takes place through the Escrow Agent. Each Party shall deliver to the Escrow Agent, promptly on request, the executed documents, funds, taxpayer identification information and written instructions reasonably required to complete the Closing and to disburse the Assignment Fee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c9950ec9-f5ff-4a37-b91a-1a54e6a43794","order":68,"text":"No obligation to extend. The Assignor is not obliged to obtain, and does not undertake to obtain, any extension of the Closing Date or any other amendment of the Original Contract. Any extension or amendment must be agreed directly between the Assignee and the Seller.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"54003247-9d70-4d7c-bc5c-633c46ffeebe","order":69,"text":"Reversion on failure to close. If the Assignee fails to complete the purchase on or before the Closing Date for any reason other than a default by the Assignor, the rights assigned by this Assignment revert to the Assignor automatically and without further act, and the Assignor may complete the purchase itself or assign the Original Contract to any other person, without liability or accounting to the Assignee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4d9ea40e-ac10-4668-a7fd-d482550eca24","order":70,"text":"9. TERMINATION, CASUALTY AND FORCE MAJEURE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S09"},{"id":"4f93434e-e7a8-4365-a49e-a46178498ded","order":71,"text":"Termination of the Original Contract. If the Original Contract terminates before the Closing for a reason that is not attributable to an act or omission of the Assignee, including a default or an insolvency of the Seller, a defect of title that the Seller does not cure, or the exercise by the Seller of a right of termination given by the Original Contract, this Assignment terminates at the same time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bedc7827-4792-4c74-adbb-f487337724bf","order":72,"text":"Consequences of termination. On such a termination the Assignor shall refund to the Assignee, within five (5) Business Days, every sum received on account of the Assignment Fee, and the Parties shall instruct the Escrow Agent to return the earnest money to the Party that deposited it. Neither Party then has any further liability to the other under this Assignment, except under the provisions concerning confidentiality, indemnification and costs of enforcement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a0b142bd-fbcb-4070-9e0d-2549b97b6a02","order":73,"text":"Casualty and condemnation. If the Property suffers material damage or becomes the subject of condemnation proceedings before the Closing, the rights of the buyer are those given by the Original Contract and the Assignee alone decides whether to exercise them. The Assignor makes no representation as to the availability or the outcome of those rights.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"369c0a24-07ed-454c-9eab-2f3443fbf40e","order":74,"text":"Force majeure. Neither Party is liable for a failure or a delay in performing an obligation under this Assignment, other than an obligation to pay a sum already due, where the failure or delay is caused by an event beyond its reasonable control, including an act of God, flood, fire, hurricane, earthquake, epidemic, war, act of terrorism, civil unrest, strike, failure of a public utility or of a recording office, cyber attack or act of a governmental authority. The affected Party shall notify the other promptly and shall use reasonable efforts to resume performance.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0e2dac74-8ac5-438e-8904-3cc190a4e43d","order":75,"text":"Prolonged force majeure. If an event of force majeure prevents the Closing for more than thirty (30) days, either Party may terminate this Assignment by written notice to the other, with the consequences set out above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"31fe920c-4b32-43b0-94cd-5315f0da919e","order":76,"text":"10. DISCLOSURE OF EQUITABLE INTEREST; NO LEGAL TITLE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S10"},{"id":"df159f8a-e92d-4fb0-b423-587683c6f934","order":77,"text":"THE ASSIGNOR DOES NOT OWN THE PROPERTY AND DOES NOT HOLD LEGAL TITLE TO IT. THE ASSIGNOR IS ASSIGNING ONLY ITS INTEREST IN A CONTRACT TO PURCHASE THE PROPERTY. THE ASSIGNEE IS ACQUIRING AN INTEREST IN THAT CONTRACT AND NOT OWNERSHIP OF THE PROPERTY.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"58218d6f-9c8a-4ed6-8f90-cad4aaac3056","order":78,"text":"Acknowledgment. The Assignee acknowledges that it has received the disclosure set out above in writing before entering into this Assignment and that it understands it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"82aae705-1cd6-4c5c-8cda-f502437d9854","order":79,"text":"Notice to the Seller. The Assignor confirms that it has disclosed to the Seller in writing, or will do so before the Closing, that it holds only an equitable interest in the Property and that it intends to assign its interest in the Original Contract.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ede8895f-06e5-4b32-864e-158b4ce4bc29","order":80,"text":"Marketing. The Assignor has offered and marketed only its own contractual interest in the Original Contract. The Assignor has not marketed or advertised the Property as its own and has not held itself out as the owner of the Property.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4ff42628-ff2b-4b99-8c28-aaf470d75a4b","order":81,"text":"No brokerage relationship. The Assignor is not acting as a real estate broker, sales agent or licensee for the Assignee or for the Seller, does not represent either of them in the purchase or sale of the Property, and receives no commission. The Assignment Fee is the consideration for the assignment of the Assignor's own contractual rights and is neither a commission nor a brokerage fee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e5ea33b0-2f57-4f88-923a-16535ff527ff","order":82,"text":"No advice. Neither Party has given the other legal, tax, accounting, appraisal, engineering, environmental or investment advice, and neither Party has relied on the other for any such advice.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5452bc21-0dd5-4011-8063-f2b45f5106d5","order":83,"text":"Texas disclosure. This Article constitutes the written disclosure required by Section 5.0205 of the Texas Property Code, which was transferred and redesignated from Section 5.086 of that Code with effect from January 1, 2024. That provision requires a person, before entering into a contract to sell an option or to assign an interest in a contract to purchase real property, to disclose in writing to any potential buyer that the person is selling only an option or assigning an interest in a contract and does not have legal title to the real property, and to disclose in writing to the owner of the real property that the person intends to sell an option or assign an interest in a contract.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"53a36267-3453-4807-be42-205fec388172","value":"Texas","type":"add","operator":"="}]},{"id":"73e06d88-b9ce-4056-8422-d9780df277de","order":84,"text":"Texas licensing. Section 1101.0045 of the Texas Occupations Code permits a person to acquire an option or an interest in a contract to purchase real property and then to sell or assign it without holding a license, provided that the person does not use the option or the contract to engage in real estate brokerage and discloses the nature of the equitable interest in writing to any seller and to any potential buyer, that written disclosure to the seller having been added with effect from January 1, 2024.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"53a36267-3453-4807-be42-205fec388172","value":"Texas","type":"add","operator":"="}]},{"id":"dc9f2ab2-42e6-4044-8d4a-3b1d1d336507","order":85,"text":"Texas confirmation. The Assignor confirms that it has not used the Original Contract to engage in real estate brokerage, that it has made that written disclosure to the Seller, and that this Assignment constitutes the written disclosure to the Assignee as potential buyer. The Assignor holds no license issued under Chapter 1101 of that Code unless it has stated otherwise to the Assignee in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"53a36267-3453-4807-be42-205fec388172","value":"Texas","type":"add","operator":"="}]},{"id":"a74aca95-7329-4017-9754-11e8589fb89c","order":86,"text":"Illinois licensing. Under the Real Estate License Act of 2000 (225 ILCS 454), the definition of "broker" in Section 1-10 of that Act includes a person who, whether for another or for themselves, engages in a pattern of business of buying, selling, offering to buy or sell, marketing for sale, exchanging or otherwise dealing in contracts, including assignable contracts for the purchase or sale of, or options on, real estate or improvements on it. A pattern of business exists where a person, alone or with others, engages in one or more of those practices on two or more occasions in any twelve month period.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"53a36267-3453-4807-be42-205fec388172","value":"Illinois","type":"add","operator":"="}]},{"id":"30a37e7e-1330-4078-a47d-18e9f27704cc","order":87,"text":"Illinois compliance. The Assignor represents that it either holds the license required of it under that Act or that its activity does not amount to a pattern of business as so defined. The Assignor further represents that it has not marketed the Property itself, as distinct from its own contractual interest, and has made no representation that it owns the Property. The Parties acknowledge that engaging in that activity without the license required by that Act exposes the person concerned to civil penalties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"53a36267-3453-4807-be42-205fec388172","value":"Illinois","type":"add","operator":"="}]},{"id":"261f0db4-7ac0-42e8-aa8a-f97d8e3076b6","order":88,"text":"Compliance with state and local law. The Assignor represents that it has complied with every statute, regulation and ordinance of the state, county and municipality in which the Property is located that governs the sale of options, the assignment of equitable interests in contracts to purchase real property and the wholesaling of residential real property, including any licensing, registration, written disclosure or right of cancellation requirement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"53a36267-3453-4807-be42-205fec388172","value":"Other","type":"add","operator":"="}]},{"id":"2f155b2a-3c1f-4fdf-aea7-1bcbdd1ce22a","order":89,"text":"Verification. The Parties acknowledge that these requirements differ materially between states and municipalities, that some states treat the repeated assignment of purchase contracts as brokerage requiring a license, and that each Party has been advised to verify the requirements applicable to the Property before the Closing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"53a36267-3453-4807-be42-205fec388172","value":"Other","type":"add","operator":"="}]},{"id":"30b2d2ee-a3ba-4fd8-b631-38c656fa018f","order":90,"text":"11. CONDITION OF THE PROPERTY; NO REPRESENTATIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S11"},{"id":"13cadc91-f4a8-47b9-a8c9-56fcfc69bc4e","order":91,"text":"AS IS. THE ASSIGNEE ACCEPTS THE ASSIGNMENT OF THE ASSIGNOR'S INTEREST, AND WILL ACQUIRE THE PROPERTY FROM THE SELLER, STRICTLY ON AN "AS IS, WHERE IS, WITH ALL FAULTS" BASIS, WITHOUT ANY REPRESENTATION OR WARRANTY FROM THE ASSIGNOR.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"acf0e7ac-07d3-47b8-914b-0d7c32494d4d","order":92,"text":"No representations by the Assignor. The Assignor makes no representation or warranty of any kind, express or implied, as to the physical, structural or mechanical condition of the Property; the state of title, liens, encumbrances, easements or restrictive covenants; boundaries, acreage or square footage; occupancy, tenancies, leases or the rights of persons in possession; zoning, permitted use or compliance with building codes and ordinances; the presence of hazardous or toxic substances, mold, lead-based paint, asbestos, radon or underground storage tanks; flood zone classification, insurability or the availability of utilities; real property taxes, association dues, special assessments or municipal liens; or the value, rentability, repair cost or profitability of the Property.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5de87e2c-82bb-4a98-9dd9-e6947d61f1d1","order":93,"text":"DISCLAIMER OF IMPLIED WARRANTIES. TO THE FULLEST EXTENT PERMITTED BY LAW, EVERY WARRANTY IMPLIED BY STATUTE OR AT COMMON LAW IN RELATION TO THE PROPERTY, INCLUDING ANY WARRANTY OF HABITABILITY, SUITABILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, IS DISCLAIMED AS BETWEEN THE PARTIES.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6af1a875-32bc-4e42-bd70-ad5690947e12","order":94,"text":"Independent investigation. The Assignee has had, or has been given, the opportunity to inspect the Property and to investigate every matter affecting it and its value. The Assignee relies solely on its own investigation and on such rights and remedies as the buyer may have against the Seller under the Original Contract, and not on any statement, estimate, photograph, projection, rent roll or repair estimate provided by the Assignor or by any person acting for the Assignor.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"79966ca5-594b-4e0b-936a-93189d4dfbed","order":95,"text":"Documents provided as a courtesy. Any disclosure, inspection report, title commitment, survey, appraisal or other document concerning the Property that the Assignor provides to the Assignee is provided as a courtesy and without independent verification, and the Assignor makes no representation as to its accuracy or completeness.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"01876bef-0ac9-47fb-a587-95a3bad5b1b6","order":96,"text":"12. REPRESENTATIONS AND WARRANTIES OF THE ASSIGNOR","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S12"},{"id":"ac7f40d4-0c60-478d-986f-df91d4374d66","order":97,"text":"The Assignor represents and warrants to the Assignee, as at the Effective Date and again as at the Closing Date, that:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"e34c4213-6fa0-4c5e-a47f-3ca758b9da2c","order":98,"text":"— the Assignor has full power and authority to enter into and perform this Assignment, and this Assignment is binding on the Assignor in accordance with its terms;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"e8418747-24ee-4e06-9471-2ac9caba1941","order":99,"text":"— the Original Contract is in full force and effect, a complete copy of it, together with every addendum, exhibit and amendment, has been delivered to the Assignee, and it has not been further amended;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"32a1f978-f397-4dfa-ba7c-fe7ee345db7e","order":100,"text":"— the Assignor has not previously assigned, sold, pledged, encumbered or agreed to assign its interest in the Original Contract to any other person;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"507339e9-3107-4483-9a02-f5aa5011f36a","order":101,"text":"— to the actual knowledge of the Assignor, and without any duty of inquiry, neither the Assignor nor the Seller is in default under the Original Contract, and no event has occurred which, with the giving of notice or the passage of time, would constitute such a default;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"1f7a1ad5-0982-4619-8813-fdf5600b83fa","order":102,"text":"— the Assignor has paid the Earnest Money and has performed every obligation of the buyer under the Original Contract falling due before the Effective Date; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"95fdab5b-9bd8-496a-90ee-40fd68875cbc","order":103,"text":"— the Assignor has received no notice of any pending condemnation, code enforcement action, foreclosure or litigation affecting the Property, other than a matter disclosed to the Assignee in writing before the Effective Date;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"27e4f4f3-1f18-4be7-87ca-26743efac4c9","order":104,"text":"— to the actual knowledge of the Assignor, the Original Contract is not subject to any option, right of first refusal or prior agreement in favor of a third party, other than a matter disclosed to the Assignee in writing before the Effective Date; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"09984b0e-a48b-4019-8e09-2fa9fdcde051","order":105,"text":"— neither the Assignor nor any person controlling it is a person with whom dealings are prohibited under the economic sanctions administered by the Office of Foreign Assets Control of the United States Department of the Treasury, and the funds applied by the Assignor under the Original Contract are not derived from unlawful activity.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fbb54d9a-cd51-434e-8b70-b4f31795882a","order":106,"text":"Survival. The representations and warranties given in this Article survive the Closing for a period of twelve (12) months.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"615e362e-d836-4686-bfc8-ddaa1883dfb9","order":107,"text":"13. REPRESENTATIONS, WARRANTIES AND ACKNOWLEDGMENTS OF THE ASSIGNEE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S13"},{"id":"4fc97fab-094b-4db2-93cd-ec82ebb32d70","order":108,"text":"The Assignee represents, warrants and acknowledges to the Assignor that:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"a5eddbf9-beb9-41b3-9d57-ea00b113a32f","order":109,"text":"— the Assignee has full power and authority to enter into and perform this Assignment, and this Assignment is binding on the Assignee in accordance with its terms;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"ded7bfc8-5936-42dd-aca3-8a9b146aaeff","order":110,"text":"— the Assignee has received, read and understood a complete copy of the Original Contract, including every addendum, exhibit and amendment, and has had the opportunity to take independent legal, tax and financial advice on it;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"ec7fa075-612b-4369-a4b4-f56aa1d7f8ca","order":111,"text":"— the Assignee is acquiring the Assignor's contractual rights for its own account, for investment or business purposes, and not in reliance on any representation of the Assignor other than those expressly set out in this Assignment;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"95948ef9-b5ca-4c21-93c0-23c45ba5be22","order":112,"text":"— the Assignee has, and will have at the Closing, sufficient funds or committed financing to complete the purchase of the Property, and this Assignment is not contingent on the Assignee obtaining financing, an appraisal, an inspection, a partner or an end buyer;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"ae192c95-04ca-4bb0-93df-bc5d673958e8","order":113,"text":"— the Assignee understands that the Assignor does not own the Property and that the ability of the Assignee to acquire the Property depends on performance of the Original Contract by the Seller; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"bc837195-861f-4b36-ace1-3be633a99976","order":114,"text":"— the Assignee is not relying on the Assignor to determine whether this transaction complies with any law applicable to the Assignee, including any securities, licensing or lending law; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"649a796b-a0d7-4ac3-be54-aadb9ca721da","order":115,"text":"— neither the Assignee nor any person controlling it is a person with whom dealings are prohibited under the economic sanctions administered by the Office of Foreign Assets Control of the United States Department of the Treasury, the funds to be applied by the Assignee are not derived from unlawful activity, and the Assignee shall provide the source of funds and beneficial ownership information that the Escrow Agent, the title insurer or a lender reasonably requires in order to comply with anti-money laundering and transaction reporting obligations.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bbe37bb1-2e7e-43e1-bbbb-e802673afb32","order":116,"text":"14. BROKERS AND COMMISSIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S14"},{"id":"70de8e36-2ff1-4e9b-a6db-196ed0efb132","order":117,"text":"No broker. Each Party represents to the other that it has not dealt with any real estate broker, sales agent, finder or other intermediary in connection with this Assignment who is or may become entitled to a commission or fee, other than an intermediary whose engagement has been disclosed to the other Party in writing before the Effective Date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"cc56231b-7819-480b-9f00-ef7833b12743","order":118,"text":"Indemnity. Each Party shall indemnify, defend and hold harmless the other Party against every claim for a commission, fee or other compensation made by a person claiming through it in connection with this Assignment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"167cd894-9ce6-4fcd-a581-9a8f23aeefef","order":119,"text":"Commissions under the Original Contract. A commission payable to a broker under the Original Contract remains payable in accordance with the Original Contract and is not affected by this Assignment. The Assignment Fee is separate from, and additional to, any such commission.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"06c19410-a5b5-40b6-a145-0e5b829ebfc5","order":120,"text":"15. DEFAULT AND REMEDIES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S15"},{"id":"a3e53926-7ecc-4296-875b-a945de04a7aa","order":121,"text":"Default by the Assignee. If the Assignee fails to pay any sum due under this Assignment when due, fails to complete the purchase of the Property on or before the Closing Date, or otherwise breaches this Assignment, the Assignor may terminate this Assignment by written notice to the Assignee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9c9d9a82-d9f3-41a8-963a-895ac16b92ba","order":122,"text":"Liquidated damages. On such a termination, and in addition to the reversion provided in the Article entitled "CLOSING", the Assignor may retain every sum already paid to it on account of the Assignment Fee as liquidated damages and not as a penalty. The Parties agree that the actual damage suffered by the Assignor would be difficult or impossible to determine and that this sum is a reasonable estimate of it. That retention is the sole monetary remedy of the Assignor against the Assignee for the failure to complete the purchase, save for the indemnity given by the Assignee in the Article entitled "INDEMNIFICATION" in respect of a claim made by the Seller or by a third party.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3ef8456c-8fa4-4d00-81ca-9aa0741848ef","order":123,"text":"Default by the Assignor. If the Assignor fails to perform its obligations under this Assignment, the Assignee may terminate this Assignment by written notice and recover every sum paid to the Assignor on account of the Assignment Fee, together with any earnest money reimbursed to the Assignor by the Assignee, within five (5) Business Days of the notice. The Assignee may also seek specific performance of this Assignment, provided that the monetary liability of the Assignor to the Assignee is limited to the amount of the Assignment Fee actually received by the Assignor.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d348ece4-d2ce-4486-8a02-60b006b580aa","order":124,"text":"Costs of enforcement. In any proceeding brought to enforce or interpret this Assignment, the prevailing Party is entitled to recover from the other Party its reasonable attorneys' fees, expert fees, court or arbitration costs and other expenses of enforcement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"93f2ba7f-e8ac-4b6c-9ba2-d605edb44ca5","order":125,"text":"Notice and cure. Except where this Assignment provides for automatic termination or reversion, a Party may not terminate for breach unless it has given the other Party written notice of the breach and a period of three (3) Business Days in which to cure it. No cure period applies to a failure to complete the purchase on or before the Closing Date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"40b786a6-1aa2-48f4-adac-0e03e39725ef","order":126,"text":"Exclusion of indirect damages. Neither Party is liable to the other for loss of profit, loss of opportunity or for indirect, special, incidental, punitive or consequential damages arising out of this Assignment, whether or not foreseeable, except in the case of fraud or willful misconduct.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"72002c2b-595f-41dd-9281-56d04d6984c3","order":127,"text":"Cumulative remedies. Except where this Assignment expressly provides otherwise, the rights and remedies of the Parties are cumulative and are not exclusive of any other right or remedy available at law or in equity.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0457030e-c427-4334-b06c-9b8dcc04375a","order":128,"text":"16. INDEMNIFICATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S16"},{"id":"40c76027-3226-4289-930c-1290080bc547","order":129,"text":"Indemnity by the Assignee. The Assignee shall indemnify, defend and hold harmless the Assignor and its officers, members, managers, employees and agents from and against every claim, demand, action, loss, damage, liability, cost and expense, including reasonable attorneys' fees, arising out of or relating to the performance or non-performance by the Assignee of the obligations assumed under this Assignment, to any act or omission of the Assignee or of any person entering the Property at the request of the Assignee, including any inspection, testing or survey, and to any claim made by the Seller by reason of the failure of the Assignee to complete the Closing. This indemnity does not extend to a claim to the extent that it arises from the gross negligence or the willful misconduct of the Assignor.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"66ee71c6-0b62-4dba-9426-fbb481e01200","order":130,"text":"Indemnity by the Assignor. The Assignor shall indemnify, defend and hold harmless the Assignee from and against every claim, loss, damage, liability, cost and expense, including reasonable attorneys' fees, arising out of any breach by the Assignor of the Original Contract occurring before the Effective Date or of any representation or warranty given by the Assignor in this Assignment. This indemnity does not extend to a claim to the extent that it arises from the gross negligence or the willful misconduct of the Assignee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bd457c56-8856-400d-b62d-f0a8c4dba159","order":131,"text":"Conduct of claims. A Party seeking indemnity shall notify the other Party promptly in writing of any claim to which the indemnity may apply, shall not settle or compromise that claim without the written consent of the indemnifying Party, and shall cooperate reasonably in its defense.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5491ab19-e4ff-4694-b4de-7bbf93e9f3e1","order":132,"text":"Survival. The indemnities given in this Article survive the Closing and any termination of this Assignment, save that an indemnity given in respect of the breach of a representation or warranty is limited to the survival period applicable to that representation or warranty.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3cdbcd55-7898-44e9-a9ad-b02f52e0eb66","order":133,"text":"17. FURTHER ASSIGNMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S17"},{"id":"addddf10-c513-4df2-8e25-32a201b76613","order":134,"text":"No further assignment without consent. The Assignee may not assign, transfer, pledge or encumber its rights under this Assignment or under the Original Contract, in whole or in part, without the prior written consent of the Assignor, which the Assignor may withhold in its sole discretion. Any purported assignment made without that consent is void.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"aa16b62e-af65-4028-b126-b8243bdd62ef","value":"consent","type":"add","operator":"="}]},{"id":"e60adf8d-756f-4bdc-a6be-bc5607b78455","order":135,"text":"Title in an affiliated entity. The Assignee may nevertheless take title at the Closing in the name of an entity that the Assignee controls, provided that it gives the Assignor and the Escrow Agent written notice before the Closing and that the Assignee remains liable for the obligations assumed under this Assignment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"aa16b62e-af65-4028-b126-b8243bdd62ef","value":"consent","type":"add","operator":"="}]},{"id":"b427fce1-ac70-447f-9b43-9fcc9309cb5b","order":136,"text":"Further assignment permitted. The Assignee may assign its rights under this Assignment and under the Original Contract to any person, provided that it gives the Assignor and the Escrow Agent written notice of the assignment before the Closing. No such assignment releases the Assignee from its obligations under this Assignment, including the obligation to pay the Assignment Fee, unless the Assignor releases it in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"aa16b62e-af65-4028-b126-b8243bdd62ef","value":"free","type":"add","operator":"="}]},{"id":"8fd7d62e-c2c5-4ce0-919f-c699cdf462c5","order":137,"text":"Binding effect. This Assignment binds and benefits the Parties and their respective heirs, personal representatives, successors and permitted assigns.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d59d6ff3-f38f-4a83-8d70-d4dc2a35a7d9","order":138,"text":"18. CONFIDENTIALITY AND PERSONAL INFORMATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S18"},{"id":"017d2e66-a35b-43ab-9ae7-ccbb6332adc1","order":139,"text":"Confidentiality. Each Party shall keep confidential the terms of the Original Contract, the identity and contact details of the Seller and any non-public information concerning the Property or the other Party obtained in connection with this Assignment, and shall use that information only for the purpose of completing the Closing. These obligations continue for two (2) years from the Effective Date and, in respect of personal information and of information protected by law, for as long as that protection subsists.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fe80c079-c98f-4aeb-bca5-8b3363a9f554","order":140,"text":"Permitted disclosure. That obligation does not apply to information that is or becomes public otherwise than through a breach of this Assignment, or that a Party is required to disclose by law or by court or arbitral order, or to its lenders, insurers, title and escrow agents, accountants and professional advisors, provided that those persons are bound by equivalent obligations.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"887a2067-cf3e-4b7c-a6f5-264c39837325","order":141,"text":"Personal information. Each Party shall handle the personal information of the other Party, of the Seller and of any occupant of the Property in accordance with applicable federal and state privacy, data security and consumer protection laws. Each Party shall use that information only for the purposes of this transaction, shall not sell or disclose it for marketing purposes without consent, shall protect it with reasonable administrative, technical and physical safeguards, and shall securely destroy or retain it once it is no longer needed for those purposes or for compliance with law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6cee49e0-0783-408a-a191-415114d2a948","order":142,"text":"No marketing as owner. Before the Closing, the Assignee shall not market or advertise the Property for sale or for resale in a manner that represents the Assignee as the owner of the Property.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"89369314-0970-493f-a2d6-4ffa8316e200","order":143,"text":"19. NOTICES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S19"},{"id":"ea46e153-7a9d-437a-a402-27a8e6442aa8","order":144,"text":"Form of notice. Every notice under this Assignment must be in writing and is validly given if delivered by hand, sent by a nationally recognized overnight courier, sent by certified United States mail with return receipt requested, or sent by electronic mail, in each case to the address or electronic mail address of the receiving Party stated at the beginning of this Assignment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"45309108-f8e0-4c94-82ad-fcddcd29648d","order":145,"text":"Deemed receipt. A notice is deemed received on delivery if delivered by hand or by courier, on the third Business Day after mailing if sent by certified mail, and on the day of transmission if sent by electronic mail before 5:00 p.m. local time at the place of receipt on a Business Day, and otherwise on the next Business Day.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0f9eba35-696b-4d84-9c1e-6a81025a274f","order":146,"text":"Change of address. A Party may change its address or electronic mail address for notices by giving notice to the other Party in accordance with this Article.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c3370468-19ab-43a1-9711-d2897c79b07b","order":147,"text":"20. GOVERNING LAW; VENUE AND DISPUTE RESOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S20"},{"id":"0fdbb9f3-6e2b-413b-a2f2-622ff37fc123","order":148,"text":"Governing law. This Assignment is governed by, and must be construed in accordance with, the laws of the State of [State], without regard to its conflict of laws principles. The Parties acknowledge that the Property is located in that State and that the laws of that State govern the transfer of interests in it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"644e576d-879c-4e1f-9211-f72895b23ab8","order":149,"text":"Negotiation and mediation. Before commencing any proceeding, the Parties shall attempt in good faith to resolve any dispute arising out of or relating to this Assignment by negotiation and, failing that, by mediation before a single mediator whose fees are shared equally. This does not prevent a Party from applying for urgent injunctive relief or from recording a notice of pending action where the law permits it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fb1a2b5f-1888-4127-b455-426b1fe61714","order":150,"text":"Venue. Any proceeding arising out of or relating to this Assignment must be brought exclusively in the state or federal courts sitting in [County] County, State of [State]. Each Party submits to the jurisdiction of those courts and waives any objection founded on venue or forum non conveniens.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"02ede0fb-1938-4a13-aa5c-308988fda40f","value":"courts","type":"add","operator":"="}]},{"id":"4995011b-0ed3-458e-90eb-d89d093c06b6","order":151,"text":"Arbitration. Any dispute that is not resolved by mediation must be finally determined by binding arbitration before a single arbitrator, seated in [County] County, State of [State], administered under the rules of a nationally recognized arbitration service agreed by the Parties. Judgment on the award may be entered in any court of competent jurisdiction, and the arbitrator may award the prevailing Party its reasonable attorneys' fees and costs. This agreement to arbitrate evidences a transaction involving interstate commerce and is governed by the Federal Arbitration Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"02ede0fb-1938-4a13-aa5c-308988fda40f","value":"arbitration","type":"add","operator":"="}]},{"id":"f7dc5e3a-e8ad-427e-a87a-78ea6c074342","order":152,"text":"Waiver of jury trial. To the fullest extent permitted by law, each Party knowingly, voluntarily and intentionally waives any right to a trial by jury in any proceeding arising out of or relating to this Assignment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a5ea4291-27aa-4195-afbb-7a6fcf9d4fe9","order":153,"text":"Savings. Where the law of the governing State does not give effect to a waiver of trial by jury agreed before a dispute arises, that waiver is severed and the Parties instead agree that any dispute be tried without a jury to the fullest extent the law permits or, where the law provides for it, be referred to a judicial referee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4b3aca3a-d3d6-458a-bb9e-3fcccf81c879","order":154,"text":"21. MISCELLANEOUS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"26","sectionNum":"S21"},{"id":"26f58636-1eed-48a6-82e3-0b7cf0c037fe","order":155,"text":"Entire agreement. This Assignment, together with the Original Contract and every exhibit or addendum expressly incorporated into it, contains the entire agreement of the Parties concerning its subject matter and supersedes all prior and contemporaneous negotiations, understandings and agreements, whether oral or written.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a9ad8283-6ee0-4219-ae65-f1300f511b36","order":156,"text":"Amendment and waiver. No amendment of this Assignment is effective unless made in writing and signed by both Parties. No waiver of a breach operates as a waiver of any other breach, and no delay in exercising a right operates as a waiver of that right.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"01f3ec74-9f38-4882-a812-51fb67fb0ffb","order":157,"text":"Severability. If any provision of this Assignment is held invalid, illegal or unenforceable, that provision is severed to the minimum extent necessary and the remaining provisions continue in full force, provided that the essential purpose of this Assignment is preserved.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bd01d74d-1d85-4347-b9e5-c5964800b322","order":158,"text":"Counterparts and electronic signatures. This Assignment may be executed in counterparts, each of which is an original and all of which together constitute one instrument. Signatures transmitted electronically, and electronic signatures applied through a recognized electronic signature service, have the same effect as original signatures under the federal Electronic Signatures in Global and National Commerce Act and applicable state law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"03b9f2ba-1fdb-46c3-a898-5cacbbda9a27","order":159,"text":"Further assurances. Each Party shall execute the further documents and do the further acts reasonably required to give effect to this Assignment, including any instruction, affidavit or certificate reasonably required by the Escrow Agent or by the title insurer.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"df1cc83f-1464-424b-a887-e27f2c5ea08a","order":160,"text":"Headings and construction. Headings are for convenience only and do not affect construction. This Assignment is the product of negotiation between the Parties and must not be construed against the Party that drafted it. Words in the singular include the plural, words of one gender include every gender, the word "including" means "including without limitation", and a reference to a statute is a reference to that statute as amended, redesignated or replaced from time to time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d75647e2-e2da-4f15-b87e-aabf2b16e307","order":161,"text":"Recitals and exhibits. The recitals set out at the beginning of this Assignment are true and correct and form part of it. Every exhibit referred to in this Assignment forms part of it and is incorporated into it by reference.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a4d23858-0841-4f61-825f-bcabc3ac9bbe","order":162,"text":"No third-party beneficiaries. Except for the Seller, who may rely on the assumption given by the Assignee in the Article entitled "ASSIGNMENT AND ASSUMPTION", this Assignment confers no right or benefit on any person who is not a Party.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"aedbcfad-d267-46b3-950f-9c7d56e3037b","order":163,"text":"Survival. Every provision of this Assignment which by its nature is intended to survive the Closing or the termination of this Assignment survives it, including the provisions concerning confidentiality, personal information, indemnification, liquidated damages, exclusion of indirect damages, costs of enforcement, governing law and dispute resolution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1f881a01-52aa-44d1-a710-fed99eafd0d6","order":164,"text":"Recording and clouding of title. Neither Party may record this Assignment, or any memorandum, affidavit or notice of it, in the real property records without the prior written consent of the other Party and, where the Original Contract requires it, of the Seller. A Party that records such an instrument in breach of this provision shall remove it within three (3) Business Days of written demand and shall indemnify the other Party against every cost and loss caused by the recording, including the cost of an action to quiet title.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3ff8131e-117e-401f-bcc2-e4d3c341eb8b","order":165,"text":"No partnership. Nothing in this Assignment creates a partnership, joint venture, agency or employment relationship between the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"dc6f6350-e4d0-4718-824a-f408db68f83e","order":166,"text":"Time. Time is of the essence of every provision of this Assignment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"cc10661b-7211-4266-bb60-f6fd505a1d4e","order":167,"text":"Additional provisions. 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